Required information [The following information applies to the questions displayed below] Nation's Capital Fitness, Incorporated, operates a chain of fitness centers in the Washington, D.C, area. The firm's controller is accumulating data to be used in preparing its annual piofit plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The accounting staff has suggested the use of an equation, in the form of Y=a+bX, for maintenance costs. Data regarding the maintenance hours and costs for last year are as foilows: Required: 1. Using the high-low method of cost estimation, estimate the behavior of the maintenance costs incurred by Nation's Capital Fitness. Incorporated Express the cost behavior pattern in equation form Note: Round coefficient of X to 2 decimal places and other answer to the nearest whole dollar amount. Required information [The following information applies to the questions displayed below] Nation's Capital Fitress, Incorporated, operates a chain of fitness centers in the Washington, D.C, area. The firm's controller is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The accounting staff has suggested the use of an equation, in the form of Y=a+bX, for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows? 3. Compute the predicted maintenance cost at 610 hours of activity Nation's Capital Fitness, Incorporated, operates a chain of fitness centers in the Washington, D.C, area. The firm's controllec is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The accounting staff has suggested the use of an equation, in the form of Y=a+bX, for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows: 4-a. Compute the variable cost per hour and the foxed cost per hour at 620 hours of activity 4-b. Why is the fixed cost per hour possibly misteading? Complete this question by entering your answers in the tabs below. Compute the variable cost per hour and the fixed cost per hour at 620 hours of activity. Notel Round your answers to 2 decimal places. Nation's Capital Fitness, Incorporated, operates a chain of fitness centers in the Washington, D.C. area. The firm's controller is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The accounting staff has suggested the use of an equation, in the form of Y=a+bX, for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows: 4-o. Compute the variable cost per hour and the fored cost per hour at 620 hours of activity 4-b. Why is the fixed cost per hour possibly misleading? Complete this question by entering your answers in the tabs below. Why is the foxed cost per hour possibly misleading? Required information [The following information applies to the questions displayed below] Nation's Capital Fitness. Incorporated, operates a chain of fitness centers in the Washington, D.C. area. The firm's controller is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The accounting staff has suggested the use of an equation, in the form of Y=a+bX, for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows. 2. Using your answer to requirement 1 , what is the variable component of the maintenance cost? Note: Round your answer to 2 decimal places. Required information [The following information applies to the questions displayed below] Nation's Capital Fitness, Incorporated, operates a chain of fitness centers in the Washington, D.C, area. The firm's controller is accumulating data to be used in preparing its annual piofit plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The accounting staff has suggested the use of an equation, in the form of Y=a+bX, for maintenance costs. Data regarding the maintenance hours and costs for last year are as foilows: Required: 1. Using the high-low method of cost estimation, estimate the behavior of the maintenance costs incurred by Nation's Capital Fitness. Incorporated Express the cost behavior pattern in equation form Note: Round coefficient of X to 2 decimal places and other answer to the nearest whole dollar amount. Required information [The following information applies to the questions displayed below] Nation's Capital Fitress, Incorporated, operates a chain of fitness centers in the Washington, D.C, area. The firm's controller is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The accounting staff has suggested the use of an equation, in the form of Y=a+bX, for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows? 3. Compute the predicted maintenance cost at 610 hours of activity Nation's Capital Fitness, Incorporated, operates a chain of fitness centers in the Washington, D.C, area. The firm's controllec is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The accounting staff has suggested the use of an equation, in the form of Y=a+bX, for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows: 4-a. Compute the variable cost per hour and the foxed cost per hour at 620 hours of activity 4-b. Why is the fixed cost per hour possibly misteading? Complete this question by entering your answers in the tabs below. Compute the variable cost per hour and the fixed cost per hour at 620 hours of activity. Notel Round your answers to 2 decimal places. Nation's Capital Fitness, Incorporated, operates a chain of fitness centers in the Washington, D.C. area. The firm's controller is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The accounting staff has suggested the use of an equation, in the form of Y=a+bX, for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows: 4-o. Compute the variable cost per hour and the fored cost per hour at 620 hours of activity 4-b. Why is the fixed cost per hour possibly misleading? Complete this question by entering your answers in the tabs below. Why is the foxed cost per hour possibly misleading? Required information [The following information applies to the questions displayed below] Nation's Capital Fitness. Incorporated, operates a chain of fitness centers in the Washington, D.C. area. The firm's controller is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The accounting staff has suggested the use of an equation, in the form of Y=a+bX, for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows. 2. Using your answer to requirement 1 , what is the variable component of the maintenance cost? Note: Round your answer to 2 decimal places