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Question - Below is information for Aday Resorts in Tatum, NM. You are required to find the semi-variable costs using the high-low method.
RM SOLD
REPAIR EXP
January
2500
$1,800
February
3000
$2,000
March
2700
$1,880
April
2600
$1,840
May
2800
$1,920
June
3500
$2,200
July
3700
$2,280
August
3300
$2,120
September
2900
$1,960
October
November
December
2550
$1,820
TOTAL
34,950
$23,580
Use the High-Low Method to determine the Total Fixed and Total Variable Costs (from the repair expense above) for the year.
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