The following information is available for a company's maintenance cost over the last seven months. Month June July August September October November December Units Produced 110 170 130 160 220 250 70 Maintenance Cost 5,050 6,850 5,650 6,550 8,350 9, 250 3,850 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per maintenance hour Cost at high point minus cost at low point 1 $ 1,200 Variable cost per unit produced = Volume at high point minus volume at low point 70 $ Change in cost Change in volume 17.14 $ 3,850.00 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 70 unit 17.14 1,199.80 2,650.20 $ Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costs