Help with accounting question In July, Pinecrest Resort Company incurred $95,200 of housekeeping costsand cleaned 1,200 rooms. In September, when 800 rooms were cleaned, thehousekeeping cost was $75,200. Based on this limited data, estimate thevariable cost per room cleaned and the total fixed cost using the high-lowmethod.

Step 1: Definition of High-Low MethodThe High-Low Method is a cost estimation technique used in…

Answered: In July, Pinecrest Resort Company…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 8EA: Using the information in the previous exercises about Marleys Manufacturing, determine the operating...

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In July, Pinecrest Resort Company incurred $95,200 of housekeeping costs and cleaned 1,200 rooms. In September, when 800 rooms were cleaned, the housekeeping cost was $75,200. Based on this limited data, estimate the variable cost per room cleaned and the total fixed cost using the high-low method.