XGmargin of safety formus+ hittps Help Save & E hapters 19 to 22 Homework Projec

Question

XGmargin of safety formus+ hittps Help Save & E hapters 19 to 22 Homework Project: Due... 0 Che 10 s available for a company's maintenance cost over the last seven months Maintenance Maintenance Cos 3.33 June uly August September October November December $ 4,516 5,958 4,998 5,710 7,150 7,878 3,558 17 13 16 25 Pyint Using the high-low method, estimate both the fixed and variable components of its maintenance cost High-Low method-Calculation of variable cost per maintenance hour Prev 10 of t8H? Next > pe here to search

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Cost at highest level of activity                   7,870.00 Cost at Lowest level of activity                   3,550.00 Highest level of activity                         25.00 Lowest Level of activity                            7.00 Variable cost per unit = (7870 - 3550)/(25 - 7) Variable cost per unit = 4,320/18 Variable cost per unit = $240 Fixed Costs = 7870 - 240*25 Fixed Costs = 7870 - 6000 Fixed Costs = 1870 Variable costs at highPoint = 25 * 240                   6,000.00 Total Fixed costs                   1,870.00 Variable costs at LowPoint = 7* 240                   1,680.00 Total Fixed costs                   1,870.00

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