Question: (i) Using the high low method, construct a cost formula for the maintenance cost. (5 marks) (ii) What is the total maintenance cost for a

(i) Using the high low method, construct a cost formula for

(i) Using the high low method, construct a cost formula for the maintenance cost. (5 marks) (ii) What is the total maintenance cost for a quarter assuming 1,720 machine hours are incurred in the quarter? (2 marks) 1) 'The analysis of total cost into its behavioural elements is necessary for effective cost and management accounting' Comment on the statement above, illustrating your answer with examples of cost behaviour patterns

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