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Estimate the variable cost per machine-hour

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Reference no: EM13509862

Slonaker Inc. has provided the following data concerning its maintenance costs:


 Machine-Hours Maintenance
Cost
April 5,800 $30,380
May 5,783 $30,290
June 5,765 $30,238
July 5,762 $30,234
August 5,718 $30,079
September 5,796 $30,361
October 5,811 $30,390
November 5,802 $30,379
December 5,786 $30,319

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.(Round your "Variable cost" to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

Variable cost per machine-hour $

Fixed cost per month $

 

Reference no: EM13509862

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