The following information is available for a company's maintenance cost over the last seven months...
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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
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