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To calculate the monthly fixed cost

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Question 1: To calculate the monthly fixed cost do I use the highest and lowest expense and divide by the machine hrs?

Felines Inc. produces floor mats for cars and trucks. The owner. Kenneth Felinas. asked you to assist him in estimating his maintenance costs. Together, Mr. Felinas and you determined that the single best cost driver for maintenance costs was machine hours. Below are data from the previous fiscal year for maintenance expense and machine hours:

Month

Maintenance Machine Expense  Hours

1

$3,380

2,330

2

3,570

2,430

3

3,750

2,530

4

3,880

2,560

5

3,880

2,410

6

4,200

2,570

7

3,870

2,550

8

3,680

2,520

9

3,400

2,340

10

3,020

2,210

11

2,910

1,700

12

3,140

2,200

Reference no: EM132461822

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