The following information is available for a company's maintenance cost over the last seven months. Maintenance Hours Maintenance Cost Month June 9 $5,900 July 18 7,350 August 12 5,550 September 15 6,450 October 21 7,350 November 24 10,170 December 6 4,050 Using the high-low method, estimate both the fixed and variable components of its maintenance cost.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The following information is available for a company's
maintenance cost over the last seven months.
Maintenance Hours Maintenance Cost
Month
June
9
$5,900
July
18
7,350
August
12
5,550
September 15
6,450
October 21
7,350
November 24
10,170
December 6
4,050
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 9 $5,900 July 18 7,350 August 12 5,550 September 15 6,450 October 21 7,350 November 24 10,170 December 6 4,050 Using the high-low method, estimate both the fixed and variable components of its maintenance cost.
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