Required Calculate variable cost per unit and Total fixed cost by using High and Low point method

Answer to your Question: *Half an hour

Semi-variable costs are expected to relate to the direct labour hours in the same manner as for the last five years. Direct labour Semi-variable Year hours costs 20X1 20X2 20X3 20X4 20X5 64,000 59,000 53,000 49,000 40,000 (estimate) 20,800 19,800 18,600 17,800 16,000 (estimate)