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) P617 January February March 160 130 P553 180 190 P596 April May P623 110 P532 Using the high-low method of analysis, the estimated variable cost per labor hour for maintenance is closest to:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
Мay
190
P623
110
P532
. Using the high-low method of analysis, the
estimated variable cost per labor hour for
maintenance is closest to:
Transcribed Image Text: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 Мay 190 P623 110 P532 . Using the high-low method of analysis, the estimated variable cost per labor hour for maintenance is closest to:
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