Question
The manager of a local lodge uses the high-low technique to separate fixed and variable maintenance costs. The following data is available: Month Vehicle working
The manager of a local lodge uses the high-low technique to separate fixed and variable maintenance costs. The following data is available:
Month
Vehicle working hours
Maintenance costs (N$)
January
8 500
35 867
February
8 000
34 400
March
8 800
36 747
April
9 200
37 921
May
9 458
38 678
June
8 200
34 987
July
8 695
36 439
August
9 313
38 252
September
9 983
40 218
Calculate the monthly fixed costs for the company by using the figures for June
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
8th edition
978-1118953815, 978-1118953907
