Juan Company considers repairs and maintenance $($R&M$)$ to be a mixed cost. Over the past five months they've had the following R&M costs:

Month Units Produced Total R&M cost

February $400$ $$5,680$

March $350$ $$4,800$

April $870$ $$6,900$

May $300$ $$4,890$

June $800$ $$7,350$

Using the High$-$Low method calculate the expected cost of R&M for July assuming they expect $1,000$ units to be produced.

Answer rating: 100% (QA)

Sure The highlow method is a technique used to estimate the variable and fixed costs associated with ... View the full answer