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Calculate the unit variable cost

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Problem - Felinas Inc. produces floor mats for cars and trucks. The owner, Kenneth Felinas, asked you to assist him in estimating his maintenance costs. Together, Mr. Felinas and you determined that the single best cost driver for maintenance costs was machine hours. Below are data from the previous fiscal year for maintenance expense and machine hours:

Month

Maintenance Expense

Machine Hours

1

$3,120

2,200

2

3,310

2,300

3

3,490

2,400

4

3,620

2,430

5

3,620

2,280

6

3,680

2,440

7

3,610

2,420

8

3,420

2,390

9

3,140

2,210

10

2,880

2,080

11

2,780

1,690

12

2,940

2,070

Required - Using the high-low method, calculate the unit variable cost?

Reference no: EM132847349

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