Homework Help is Here – Start Your Trial Now!
Business
Accounting
Month January February Hours of Maintenance Service Maintenance Costs 4,230 520 $ 4,640 490 March April May 280 2,720 500 4,270 320 3,030 June 450 4,140 July 348 3,020 August 410 3,570 September 470 4,040 October 400 3,210 November 360 3,260 December 360 3,070 Total Average 4,900 $ 43,200 408 $ 3,600 Required: 1. Using the high-low method of cost estimation, estimate the behavior of the maintenance costs incurred by Nation's Capital Fitness. Incorporated. Express the cost behavior pattern in equation form. Note: Round coefficient of X to 2 decimal places and other answer to the nearest whole dollar amount. Monthly maintenance cost =

Month January February Hours of Maintenance Service Maintenance Costs 4,230 520 $ 4,640 490 March April May 280 2,720 500 4,270 320 3,030 June 450 4,140 July 348 3,020 August 410 3,570 September 470 4,040 October 400 3,210 November 360 3,260 December 360 3,070 Total Average 4,900 $ 43,200 408 $ 3,600 Required: 1. Using the high-low method of cost estimation, estimate the behavior of the maintenance costs incurred by Nation's Capital Fitness. Incorporated. Express the cost behavior pattern in equation form. Note: Round coefficient of X to 2 decimal places and other answer to the nearest whole dollar amount. Monthly maintenance cost =

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 14.3E
See similar textbooks
icon
Related questions
Question
Month January February Hours of Maintenance Service Maintenance Costs 4,230 520 $ 4,640 490 March April May 280 2,720 500 4,270 320 3,030 June 450 4,140 July 348 3,020 August 410 3,570 September 470 4,040 October 400 3,210 November 360 3,260 December 360 3,070 Total Average 4,900 $ 43,200 408 $ 3,600 Required: 1. Using the high-low method of cost estimation, estimate the behavior of the maintenance costs incurred by Nation's Capital Fitness. Incorporated. Express the cost behavior pattern in equation form. Note: Round coefficient of X to 2 decimal places and other answer to the nearest whole dollar amount. Monthly maintenance cost =
Transcribed Image Text:Month January February Hours of Maintenance Service Maintenance Costs 4,230 520 $ 4,640 490 March April May 280 2,720 500 4,270 320 3,030 June 450 4,140 July 348 3,020 August 410 3,570 September 470 4,040 October 400 3,210 November 360 3,260 December 360 3,070 Total Average 4,900 $ 43,200 408 $ 3,600 Required: 1. Using the high-low method of cost estimation, estimate the behavior of the maintenance costs incurred by Nation's Capital Fitness. Incorporated. Express the cost behavior pattern in equation form. Note: Round coefficient of X to 2 decimal places and other answer to the nearest whole dollar amount. Monthly maintenance cost =
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS