Yellow Theory, Inc. operates a chain of fitness centres in the Montreal area. The firm's...
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Accounting
Yellow Theory, Inc. operates a chain of fitness centres in the Montreal area. The firm's VP of Finance is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The accounting staff has suggested the use of the high-low method to predict equipment maintenance costs. Data for the most recent 12 months of activity is outlined in Table A. Table A Hours of Maintenance Service Maintenance Costs Month January 520 490 February March April $4,470 4,260 2,820 300 500 4,250 May 310 June 480 320 400 July August September October 470 2,960 4,200 3,000 3,600 4,050 3,300 3,160 3,030 $43,100 350 340 November December 320 Total 4,800
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