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The following information is available for a companys maintenance cost over the last twelve months: Month Maintenance Hours Maintenance Cost January 43 $43,820 February 38
The following information is available for a companys maintenance cost over the last twelve months:
Month | Maintenance Hours | Maintenance Cost |
January | 43 | $43,820 |
February | 38 | $45,010 |
March | 35 | $44,000 |
April | 31 | $45,000 |
May | 36 | $43,200 |
June | 28 | $38,760 |
July | 18 | $32,300 |
August | 19 | $35,440 |
September | 25 | $37,500 |
October | 29 | $39,560 |
November | 34 | $42,100 |
December | 39 | $46,700 |
Based on the high-low method, what is the variable and fixed cost component of total maintenance cost?
Variable cost per unit: $
Fixed cost: $
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