Oak Island Amusements Center provides the following data on the costs of maintenance and the number of visitors for the last three years.   Number of Visitors per Year (thousands) Maintenance Costs ($000)   1,825   $ 2,925     2,007     3,225     2,375     3,750     Required: a. Use the high-low method to estimate the fixed cost of maintenance annually and the variable cost of maintenance per visitor

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.