The following information is available for a company's maintenance cost over the last seven months. Units Produced 90 180 120 150 210 240 60 Month Maintenance Cost $ 5,450 6,900 5,100 6,000 6,900 8,100 3,600 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 June July August September October November December Total cost at the highest volume Variable costs at highest volume: Highest volume Variable cost per unit produced Total variable costs at highest volume Total fixed costs Total cost at the lowest volume Variable costs at lowest volume: Lowest volume 8,100.00 3,600.00 0

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.