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oha, an accountant for Jones, Inc., has decided to estimate the fixed and variable components associated with the company's repair activity. The following data for

oha, an accountant for Jones, Inc., has decided to estimate the fixed and variable components associated with the company's repair activity. The following data for the past few months has been collected:

Repair Hours

Total Repair Costs

20

$ 1,000

25

1,250

30

1,400

40

1,550

Required:

Estimate the fixed and variable components for the repair costs using the high-low method. Using the cost formula, predict the total cost of repair if 10 hours are used.

Can you provide me the answer with in 15 minutes please it will be so helpful.

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