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The following information is available for a company's maintenance cost over the last seven months. Maintenance Cost Month Units Produced June July 90 180 120 150 210 August September October November December 240 60 $ 3,710 5,240 4,220 4,730 5,750 6,260 3,200 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Cost at high point minus cost at low point Change in cost Change in volume Volume at high point minus volume at low point Total cost at the high point Variable costs at the high point: Volume at the high point: Variable cost per unit produced Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costs 0

The following information is available for a company's maintenance cost over the last seven months. Maintenance Cost Month Units Produced June July 90 180 120 150 210 August September October November December 240 60 $ 3,710 5,240 4,220 4,730 5,750 6,260 3,200 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Cost at high point minus cost at low point Change in cost Change in volume Volume at high point minus volume at low point Total cost at the high point Variable costs at the high point: Volume at the high point: Variable cost per unit produced Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costs 0

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following information is available for a company's maintenance cost over the last seven months. Maintenance Cost Month Units Produced June July 90 180 120 150 210 August September October November December 240 60 $ 3,710 5,240 4,220 4,730 5,750 6,260 3,200 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Cost at high point minus cost at low point Change in cost Change in volume Volume at high point minus volume at low point Total cost at the high point Variable costs at the high point: Volume at the high point: Variable cost per unit produced Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costs 0
Transcribed Image Text:The following information is available for a company's maintenance cost over the last seven months. Maintenance Cost Month Units Produced June July 90 180 120 150 210 August September October November December 240 60 $ 3,710 5,240 4,220 4,730 5,750 6,260 3,200 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Cost at high point minus cost at low point Change in cost Change in volume Volume at high point minus volume at low point Total cost at the high point Variable costs at the high point: Volume at the high point: Variable cost per unit produced Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costs 0
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