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Determine the variable cost per machine-hour

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Reference no: EM132894850

Question - Slonaker Inc. has provided the following data concerning its maintenance costs:

 

Machines-Hours

Cost

October

5,809

$30,388

August

5,717

$30,078

Management believes that maintenance cost is a mixed cost that depends on machine-hours.

Required -

1. Using the high-low method, determine the variable cost per machine-hour?

2. Determine the total cost when the activity is 6,000 machine-hour?

3. Using the high-low method, determine the fixed cost per month?

Reference no: EM132894850

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