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The following information is available for a company's maintenance cost over the last seven months. Maintenance Cost Month Units Produced June July 100 190
The following information is available for a company's maintenance cost over the last seven months. Maintenance Cost Month Units Produced June July 100 190 August 110 September 140 October 200 November 230 50 $ 4,550 6,530 4,770 5,430 6,750 7,410 3,450 December Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point: Volume at the high point: Variable cost per unit produced Total variable costs at the high point Total fixed costs Total cost at the low point < Prev 1 of 4 Next > ww 0
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