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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. January February March

image text in transcribed Platinum, Co. operates a chain of fitness centers in Kuwait. The cost analyst is trying to determine the firm's equipment maintenance costs. January February March April May June Hours of maintenance Maintenance Costs (Y) Service (x) 643 1721 702 1800 870 2050 640 1700 534 1454 420 1420 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)

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