Solution-Estimate the variable and fixed cost

Estimate the variable and fixed cost

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Reference no: EM132801010

Question - Maintenance costs at the Peter Senen Factory are listed below:

	Machine Hours	Maintenance Cost
January	18,135	P271,920
February	17,940	269,900
March	18,185	272,265
April	18,190	272,455
May	17,860	269,215
June	18,055	270,980
July	18,220	272,750
August	18,045	270,905
September	18,345	273,835

Management believed that the maintenance cost is a mixed cost that depends on machine hours. Using the high low method to estimate the variable and fixed cost, these estimates could be closer to:

a. P9.12 per machine hour; P106,545 per month

b. P15.00 per machine hour; P271,580 per month

c. P0.10 per machine hour; P271,910 per month

d. P9.53 per machine hour; P99,007 per month

Reference no: EM132801010

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Estimate the variable and fixed cost

Reference no: EM132801010

Reference no: EM132801010

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