Wigley Inc. has provided the following data concerning its maintenance costs:
Management believes that maintenance cost is a mixed cost that depends on machine-hours.
Required:
Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method. Show your work!

Question

Wigley Inc. has provided the following data concerning its maintenance costs:  
Management believes that maintenance cost is a mixed cost that depends on machine-hours.
Required:
Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method. Show your work!

Quizplus · Accepted Answer

The Answer of Wigley Inc. has provided the following data concerning its maintenance costs:  
Management believes that maintenance cost is a mixed cost that depends on machine-hours.
Required:
Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method. Show your work!