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The accounts of the Maintenance Shop have documented the following maintenance hours and maintenance costs over a six month period. Month Maintenanace hours Total maintenance
The accounts of the Maintenance Shop have documented the following maintenance hours and maintenance costs over a six month period.
Month Maintenanace hours Total maintenance cost
January 100 $450
February 200 $750
March 300 $1,050
April 500 $1,650
May 400 $1,300
June 450 $1,150
Calculate the variable cost per unit and fixed cost using the high-low method
Calculate the variable cost per unit and fixed cost using regression analysis
Express the cost functions using both menthods
Calculate the total cost of 550 maintenance hours, using both methods
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