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QS 21-3 Cost behavior estimation-high-low method LO P1 The following information is available for a companys maintenance cost over the last seven months. Month Units

QS 21-3 Cost behavior estimation-high-low method LO P1

The following information is available for a companys maintenance cost over the last seven months.

Month Units Produced Maintenance Cost
June 90 $ 3,710
July 150 5,240
August 110 4,220
September 140 4,730
October 200 5,750
November 230 6,260
December 50 3,200

Using the high-low method, estimate both the fixed and variable components of its maintenance cost.

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