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What is the expected total maintenance cost for august

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Reference no: EM132663523

Mahmood company gathered the following information on maintenance costs and factory machine usage for the last six months:

Month                      Maintenance Cost                    Factory Machine Hours
January                  Rs.24,400                               13,900
February                   29,200                                  17,600
March                     29,000                                  16,800
April                           22,340                                   13,200
May                             19,900                                 11,600
June                           12,700                                    6,600
Instructions

Using the high-low method;

Problem (a) What is the estimated variable portion of maintenance costs per factory machine hour? (Rounded to 2 decimal places)

Problem (b) What is the estimated fixed maintenance cost each month?

Problem (c) If it is estimated that 12,000 factory machine hours will be run in August, what is the expected total maintenance cost for August?

Reference no: EM132663523

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