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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
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 90 180 120 150 210 240 Maintenance Cost $ 5.450 6,900 5, 100 6,000 6,900 8,100 3,600 60 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 0 Total cost at the highest volume Variable costs at highest volume: Highest volume Variable cost per unit produced Total variable costs at highest volume Total fixed costs Total cost at the lowest volume Variable costs at lowest volume: Lowest volume Variable cost per unit produced Total variable costs at lowest volume
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