Question: Stiever Corp. has collected the following data concerning its maintenance costs for the past 6 months. Compute the variable- and fixed-cost elements using the high-lowmethod.

Stiever Corp. has collected the following data concerning its maintenance costs for the past 6 months.

Compute the variable- and fixed-cost elements using the high-lowmethod.

July August September October November December Units Produced 18,000 32,000 36,000 22,000 40,000 38,000 Total Cost 32,000 48,000 55,000 38,000 66,100 62,000

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