The following information is available for a company's maintenance cost over the last seven months. Maintenance Hours Maintenance Cost Month June 11 $4,950 July 17 5,600 August 13 4,600 September 16 5,500 October 22 5,600 November 25 5,800 December 7 3,100 Using the high-low method, estimate both the fixed and variable components of its maintenance cost.

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
Section: Chapter Questions
Problem 1CE: The expected costs for the Maintenance Department of Stazler, Inc., for the coming year include:...
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Can you please answer the general accounting question?

The following information is available for a company's maintenance cost over
the last seven months.
Maintenance Hours Maintenance Cost
Month
June
11
$4,950
July
17
5,600
August 13
4,600
September 16
5,500
October 22
5,600
November 25
5,800
December 7
3,100
Using the high-low method, estimate both the fixed and variable components of
its maintenance cost.
Transcribed Image Text:The following information is available for a company's maintenance cost over the last seven months. Maintenance Hours Maintenance Cost Month June 11 $4,950 July 17 5,600 August 13 4,600 September 16 5,500 October 22 5,600 November 25 5,800 December 7 3,100 Using the high-low method, estimate both the fixed and variable components of its maintenance cost.
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