Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information is available for a company's maintenance cost over the last seven months Month Maintenance Hours July August September October November Maintenance Cost

image text in transcribed
The following information is available for a company's maintenance cost over the last seven months Month Maintenance Hours July August September October November Maintenance Cost $ 3,970 5.se 4,33e 4,87e 5.95e 3.250 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 is cost at low point 5 3240 Volume at high point minus volume at low point Variable cost per maintenance hour $ Change in cost Change in volume 180.00 $ 6.490.00 Total cost at the high point Variable costs at the high point Volume at the high point Variable cost per maintenance hour Total variable costs at the Nigh point Total fixed costs Total cost at the low point Variable costs at the low point Volume at the low point Variable cost per maintenance hour Total variable costs at the low point Totalfred costs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For School Administrators Tools For School

Authors: Ronald E. Everett, Donald R. Johnson, Bernard W. Madden

3rd Edition

1610487710, 978-1610487719

More Books

Students also viewed these Accounting questions

Question

Will something truly bad happen if I dont follow this value?

Answered: 1 week ago

Question

=+. Alliteration The Magic of Macy's tagline.

Answered: 1 week ago

Question

=+iv. Simple promise No ordinary airline (Virgin Atlantic Airway).

Answered: 1 week ago