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

Question: 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

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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