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P2: 15/100: Create total cost equation for a mixed cost using the high-low method. Total maintenance cost is a mixed cost with the following cost
P2: 15/100: Create total cost equation for a mixed cost using the high-low method. Total maintenance cost is a mixed cost with the following cost and activity information: Month Jan Feb March April Ma June Total Maintenance Cost Total Machine Hours $2,8003,000 $3,0004,000 $3,6006,000 $5,500 7,900 $3,200 5,000 $5,0008,000 Determine the fixed and variable components using the high-low method. Show your work. Prepare the total cost equation to predict future costs for Maintenance. LABEL your final answers in the following form 1. Variable cost for maintenance cost 2. Maintenance fixed cost er 3. The maintenance cost equation
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