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X Company uses the high-low method to predict maintenance costs each month, with maintenance hours as the activity measure. The following past monthly cost and
X Company uses the high-low method to predict maintenance costs each month, with maintenance hours as the activity measure. The following past monthly cost and activity information is available: Month Cost Hours May $8,039 2,050 June $10,034 3,000 July $13,184 4,500 August $10,349 3,150 If maintenance hours in October are expected to be 3,350, what are total fixed maintenance costs expected to be (round unit costs to the nearest cent)?
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