Donner Company would like to estimate the variable and fixed components of its maintenance costs and has compiled the following data for the last five (5) months of operations. Labor Maintenance Hours Cost (Total) January February March 160 P617 130 P553 180 P596 April May 190 P623 110 P532 Using the high-low method of analysis, the estimated variable cost per labor hour for maintenance is closest to:
Donner Company would like to estimate the variable and fixed components of its maintenance costs and has compiled the following data for the last five (5) months of operations. Labor Maintenance Hours Cost (Total) January February March 160 P617 130 P553 180 P596 April May 190 P623 110 P532 Using the high-low method of analysis, the estimated variable cost per labor hour for maintenance is closest to:
Chapter1: Financial Statements And Business Decisions
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