Month Hours of Maintenance Total Maintenance Cost January 625 7,950 February 500 7,400 March 700 8,275 April
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Question:
Month Hours of Maintenance Total Maintenance Cost
January 625 7,950
February 500 7,400
March 700 8,275
April 550 7,625
May 775 9,100
June 800 9,800
Required:
1. Calculate Variable Cost per unit
2. Calculate Total Fixed Cost
3. Calculate total cost that should be expected in July if output is 900 units
4. Using the high low method, estimate a cost formula for utilities. Express the formula in the form of Y = a+bX
Expert Answer:
1 To calculate the variable cost per unit we need to determine the change in total maintenance cost divided by the change in output hours of maintenan... View the full answer
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