abigailgraceblair
11.04.2021 •
Engineering
The following information is available for a company’s maintenance cost over the last seven months.
Month Units Produced Maintenance Cost
June 90 $ 3,750
July 180 4,700
August 130 3,950
September 160 4,400
October 220 5,300
November 250 5,600
December 90 3,200
Using the high-low method, estimate both the fixed and variable components of its maintenance cost.
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