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Please include all calculations so that I know how you got your answer! Thank you! QS 18-3 Cost behavior estimation-high-low method LO P1 The following

Please include all calculations so that I know how you got your answer! Thank you!

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QS 18-3 Cost behavior estimation-high-low method LO P1 The following information is available for a company's maintenance cost over the last seven months. Month June July August September October November December Units Produced 110 170 130 160 220 250 70 Maintenance Cost $ 5,050 6,850 5,650 6,550 8,350 9,250 3,850 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. Change in cost High-Low method - Calculation of variable cost per maintenance hour Cost at high point minus cost at low point Volume at high point minus volume at low point 0 Change in volume Total cost at the high point Variable costs at the high point: Volume at the high point: Variable cost per unit produced Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costs

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