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Calculate total cost that should be expected in july

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Reference no: EM132583187

Month                   Hours of Maintenance                     Total Maintenance Cost

January                         625                                           7,950

February                        500                                             7,400

March                            700                                              8,275

April                               550                                              7,625

May                                 775                                              9,100

June                                800                                                  9,800

Required:

Question 1. Calculate Variable Cost per unit

Question 2. Calculate Total Fixed Cost

Question 3. Calculate total cost that should be expected in July if output is 900 units

Question 4. Using the high low method, estimate a cost formula for utilities. Express the formula in the form of Y = a+bX

Reference no: EM132583187

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