Power Brite Painting Company specializes in refurbishing exterior painted surfac
ID: 2352044 • Letter: P
Question
Power Brite Painting Company specializes in refurbishing exterior painted surfaces that have been hard hit by humidity and insect debris. It uses a special technique, called pressure cleaning, before priming and painting the surface. The refurbishing process involves the following steps:
Using the high-low method, separate mixed costs into their variable and fixed components. Use total hours worked as the basis. Round your answers to two decimal places.
Variable rate $ per hour worked Monthly Fixed Cost $Explanation / Answer
Highest: August: $5890 (1460 hours worked) Lowest: February: $3550 (740 hours worked) Variable rate = (5890 - 3550)/(1460 - 740) = $3.25 per hour worked Fixed Cost = 5890 - 1460 x 3.25 = $1145 Hope this helps!
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