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The following Information is available for a company's maintenance cost over the last seven months. Maintenance Month Maintenance Cost Hours 3,950 5,750 4,550 5,150 6,350
The following Information is available for a company's maintenance cost over the last seven months. Maintenance Month Maintenance Cost Hours 3,950 5,750 4,550 5,150 6,350 6,950 3,350 June 9 July August September 18 12 15 October 21 24 November December 6 Using the high-low method, estimate both the fixed and varlable components of its malntenance cost. Calculation of variable cost per maintenance hour High-Low method Total cost at the high point Variable costs at the high point Volume at the high point Variable cost per maintenance hour Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point Volume at the low point Variable cost per maintenance hour Total variable costs at the low point Total fixed Costs
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