Baking Bad Company wants to develop a cost function for its maintenance costs to estimate such costs for the coming year The following data are available Month Machine hours Maintenance costs January 8000 $3600 February 13000 $5300 March 14000 $6000 April 11000 $4600 Using the high low method, what is the variable maintenance cost per machine hour

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Question: Baking Bad Company wants to develop a cost function for its maintenance costs to estimate such costs for the coming year. The following data are

Baking Bad Company wants to develop a cost function for its maintenance costs to estimate such costs for the coming year. The following data are available:

Month	Machine hours	Maintenance costs
January	8000	$3600
February	13000	$5300
March	14000	$6000
April	11000	$4600

Using the high-low method, what is the variable maintenance cost per machine hour?

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