Ef 278. The following information is available for a company's maintenance cost over the last seven months.Units Produced90180MonthJuneJulyAugustSeptemberOctoberNovemberDecemberUsing the high-low method, estimate both the fixed and variable components of its maintenance cost.12015021024060Maintenance Cost$5,4506,9005,1006,0006,900Total cost at the highest volumeVariable costs at highest volume:Highest volumeVariable cost per unit producedTotal variable costs at highest volumeTotal fixed costsTotal cost at the lowest volumeVariable costs at lowest volume:Lowest volume8,1003,600High-Low method - Calculation of variable cost per unit produced$8,100.003,600.000

High low method is a method of cost estimation which is used for estimating cost components. Under…

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

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

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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