Question
Slonaker Inc. has provided the following data concerning its maintenance costs: Machine-Hours Maintenance Cost April 5,800 $30,380 May 5,783 $30,290 June 5,765 $30,238 July 5,762
Slonaker Inc. has provided the following data concerning its maintenance costs: Management believes that maintenance cost is a mixed cost that depends on machine-hours. Required: Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method.(Round your "Variable cost" to 2 decimal places. Omit the "$" sign in your response.)
Machine-Hours Maintenance
Cost April 5,800 $30,380 May 5,783 $30,290 June 5,765 $30,238 July 5,762 $30,234 August 5,718 $30,079 September 5,796 $30,361 October 5,811 $30,390 November 5,802 $30,379 December 5,786 $30,319
Variable cost per machine-hour $ Fixed cost per month $
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