A manufacturing company estimates semi-variable costs by using the high-low method with machine hours as the cost
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A manufacturing company estimates semi-variable costs by using the high-low method with machine hours as the cost driver. Recent data are shown below.
| Period | Costs | Machine Hours |
| 1 | ₱100,000 | 22,000 |
| 2 | 120,000 | 30,000 |
| 3 | 96,000 | 23,600 |
How much is the fixed component of the semi-variable cost?
Refer to Case 3
If 29,000 machine hours were budgeted for period 4, estimated semi-variable cost would total
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