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 =
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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 =](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe8ddee03-0f23-4852-aee7-0610c4d6b1cc%2F3573529b-8bdd-4a07-b4c4-fae1e7739cf4%2Fn4h6yzi_processed.jpeg&w=3840&q=75)
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 =
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