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The following information is available for a companys maintenance cost over the last seven months. Month Maintenance Hours Maintence cost June 20 $6,020 July 48

The following information is available for a companys maintenance cost over the last seven months.

Month Maintenance Hours Maintence cost

June 20 $6,020

July 48 8,100

August 24 5,100

September 38 7,000

October 42 6,900

November 36 6,900

December 12 3,600

1-Using the high-low method, estimate both the fixed and variable components of its maintenance cost. (No answer needed, Just added for information)

2-Show the cost function formula for monthly maintenance costs.

The question has 2 part

part 1 using the high low methos estimate both the fixed and variable components of its maintance cost I have already solved for its part 2 i dont understand how to do.

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