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What estimates could be closer to

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Maintenance costs at the Peter Senen Factory are listed below:

                          Machine Hours                 Maintenance cost

January             18,135                           P271,920

February            17,940                         269,900

March                18,185                     272,265

April                   18,190                      272,455

May                   17,860                     269,215

June                  18,055                       270,980

July                 18,220                        272,750

August                 18,045                  270,905

September             18,345                 273,835

Problem 1: Management believed that the maintenance cost is a mixed cost that depends on machine hours. Using the high low method to estimate the variable and fixed cost, these estimates could be closer to:

a. P9.12 per machine hour; P106,545 per month

b. P15.00 per machine hour; P271,580 per month

c. P0.10 per machine hour; P271,910 per month

d. P9.53 per machine hour; P99,007 per month

Reference no: EM132746872

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