The following information is available for a company's maintenance cost over the last seven months. Month June July August Units Produced 100 190 September October November December 110 140 4,770 5,430 6,750 7,410 3,450 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. Maintenance Cost $ 4,550 6,530 200 230 50

The following information is available for a company's maintenance cost over the last seven months. Month June July August Units Produced 100 190 September October November December 110 140 4,770 5,430 6,750 7,410 3,450 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. Maintenance Cost $ 4,550 6,530 200 230 50

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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Question

please solve this. also can you show how you got total terrible cost at highest volume, total fix cost in total cost and the total coat at the lowest volume

The following information is available for a company's maintenance cost over the last seven months.
Month
June
July
August
September
October
November
December
Units Produced
100
190
110
140
200
230
50
Maintenance Cost
$ 4,550
6,530
4,770
5,430
6,750
7,410
3,450
Using the high-low method, estimate both the fixed and variable components of its maintenance cost.

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