Calculate the total maintenance cost for the company

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Question - The manager of a local lodge uses the high-low technique to separate fixed and variable maintenance costs. The following data is available:

Month Vehicle working hours Maintenance costs (N$)

January 8,500 (35,867)

February 8,000 (34,400)

March 8,800 (36,747)

April 9,200 (37,921)

May 9,458 (38,678)

June 8,200 (34,987)

July 8,695 (36,439)

August 9,313 (38,252)

September 9,983 (40,218)

The manager has reminded you that the budget for this year indicates that the scheduled vehicle working hours for October was planned for 10 200. Calculate the total maintenance cost for the company for October.

Reference no: EM132830776

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