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Platinum, Co. operates a chain of fitness centers in Kuwait. The cost analyst is trying to determine the firm's equipment maintenance costs. Hours of maintenance

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Platinum, Co. operates a chain of fitness centers in Kuwait. The cost analyst is trying to determine the firm's equipment maintenance costs. Hours of maintenance Service (x) Maintenance Costs (Y) 550 1620 January February 620 1700 March 750 1950 April 560 1600 May 450 1 350 June 350 1350 Use the high-low method to estimate the variable costs per hour of maintenance service, and the total fixed costs. Required: Explain all your steps / calculations details in the box below, or upload your answers as an attachment. (the grade will be distributed based on each step). Predict the level of maintenance costs that will be incurred when 377 hours are worked. Required: compute the maintenance cost in the small "Answer box". Show the calculation details/ formula in the "Give your reasons box'. Answer: : Give your reasons

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