Solution-Estimate the variable cost per machine-hour

Estimate the variable cost per machine-hour

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Reference no: EM13509862

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

	Machine-Hours	Maintenance Cost
April	5,800	$30,380
May	5,783	$30,290
June	5,765	$30,238
July	5,762	$30,234
August	5,718	$30,079
September	5,796	$30,361
October	5,811	$30,390
November	5,802	$30,379
December	5,786	$30,319

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

Required:

Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method.(Round your "Variable cost" to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

Variable cost per machine-hour $

Fixed cost per month $

Reference no: EM13509862

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Estimate the variable cost per machine-hour

Reference no: EM13509862

Reference no: EM13509862

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