Question: High-Low Method Estimation Donner Company would like to estimate the variable and fixed components of its maintenance costs and has compiled the following data for

High-Low Method Estimation Donner Company would like to estimate the variable and fixed components of its maintenance costs and has compiled the following data for six months of operations.

Question 16 4 pts High-Low Method Estimation Donner Company would like to estimate the variable and fixed components of its maintenance costs and has compiled the following data for six months of operations. Hours Maintenance Cost January 120 $5,600 February 150 6,500 March 210 7,800 April 170 7,100 May 240 8,600 June 190 7,400 Requirement 1: Using the high-low method of analysis, estimate variable cost per labor hour for maintenance. Round to 2 decimal places. $ Requirement 2: High-low method of analysis continued. Using the value calculated in Requirement 1, calculate the total fixed cost per month for maintenance. Round to 2 decimal places. $

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