The high-low method to predict maintenance costs, Accounting Basics

The high-low method to predict maintenance costs

X Company uses the high-low method to predict maintenance costs each month, with maintenance hours as the activity measure. The following past monthly cost and activity information is available:

Month	Cost	Hours
May	$6,712	1,450
June	$11,553	3,800
July	$14,231	5,100
August	$11,965	4,000

If maintenance hours in October are expected to be $3,550, what are total fixed maintenance costs expected to be (round unit costs to the nearest cent)?

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Accounting Basics: The high-low method to predict maintenance costs

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Accounting Basics: The high-low method to predict maintenance costs

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Accounting Basics: The high-low method to predict maintenance costs

Reference No:- TGS0681533

Recent Questions Asked Accounting Basics

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