High Low Method Is a crude technique or method of segregating mixed costs. This method utilizes only two points in doing a cost analysis making it a least accurate method. STEPS IN HIGHLOW METHOD STEP :I; Identify the highest and lowest activity level or cost driver STEP 2: Calculate variable cost per unit: High Total Cost Low Total Cost High Cost Driver v Low Cost Driver STEP 3: Calculate Total Fixed |ill-0st STEP 4: Formulate the cost equation that will be used in different level of activities within RELEVANT RANGE Determine the variable cost per unit/machine and fixed cost using high low 6 points method. BANE CORP. is preparing a flexible budget for next year and requires a breakdown of the factory maintenance cost into the fixed and variable elements. The maintenance costs and machine hours (the selected cost driver) for the past six months are as follows; Maintenance Costs Machine Hours January P15 500 1,800 February 10.720 1,230 March 15,100 1,740 April 15.840 2,190 May 14.800 1,602 June 10.600 1,590 Your