Business, 07.10.2019 20:00 mtetwabright1105

The following information is available for a company’s maintenance cost over the last seven months.

month maintenance hours maintenance cost
june 11 $ 5,050
july 17 6,850
august 13 5,650
september 16 6,550
october 22 8,350
november 25 9,250
december 7 3,850
using the high-low method, estimate both the fixed and variable components of its maintenance cost.

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The following information is available for a company’s maintenance cost over the last seven months.<...