Estimate the fixed cost of maintenance annually

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Reference no: EM131931614

Problem

Oak Island Amusements Center provides the following data on the costs of maintenance and the number of visitors for the last three years:

Number of Visitors per Year: (thousands)	Maintenance Costs ($000)
1,825	2,925
2,007	3,225
2,375	3,750

Required:

(a) Use the high-low method to estimate the fixed cost of maintenance annually and the variable cost of maintenance per visitor.

Reference no: EM131931614

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