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Estimate both the fixed and variable components

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Reference no: EM132559094

The following information is available for a company's maintenance cost over the last seven months.

Month                 Maintenance Hours            Maintenance Cost

June                        9                                    $3,710

July                        18                                     5,240

August                    12                                     4,220

September               15                                      4,730

October                   21                                         5,750

November                 24                                       6,260

December                   6                                       3,200

Question 1: Using the high-low method, estimate both the fixed and variable components of its maintenance cost.

Reference no: EM132559094

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