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The following information is available for a company's maintenance cost over the last seven months. Using the high-low method, estimate both the fixed and variable
The following information is available for a company's maintenance cost over the last seven months. Using the high-low method, estimate both the fixed and variable components of its maintenance cost. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ High-Low method - Calculation of variable cost per unit produced } \\ \hline & & & \\ \hline Total cost at the high point & & \\ \hline Variable costs at the high point: & & \\ \hline Volume at the high point: & & \\ \hline Variable cost per unit produced & & \\ \hline Total variable costs at the high point & & \\ \hline Total fixed costs & & \\ \hline Total cost at the low point & & \\ \hline Variable costs at the low point: & & \\ \hline Volume at the low point: & \\ \hline Variable cost per unit produced & \\ \hline Total variable costs at the low point & \\ \hline Total fixed costs & \\ \hline \end{tabular}
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