Problem1 JK have been assigned to work on an analysis between fixed and variable costs in hisdepartment Thepowercostdoesnotseemtofitintoeithercategory easily Thefollowing details areasfollows WEEK POWERCOST MACHINEHOURS 1 3,600 8,000 2 3,950 9,000 3 3,050 6,500 4 3,380 7,400 5 3,870 8,600 6 4,020 8,900 7 2,095 3,700 REQUIRED Separatethecost(Fixed andVariable),finding theclosestestimate oftheelements usingthehighandlowpointmethod Estimatethetotalcostlikelyinweekeight(8)iftheexpected levelofmachine hour is18,000

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Question: Problem1. JK have been assigned to work on an analysis between fixed and variable costs in hisdepartment.Thepowercostdoesnotseemtofitintoeithercategory easily.Thefollowing details areasfollows: WEEK POWERCOST #MACHINEHOURS 1 3,600

Problem1.

JK have been assigned to work on an analysis between fixed and variable costs in hisdepartment.Thepowercostdoesnotseemtofitintoeithercategory easily.Thefollowing details areasfollows:

WEEK	POWERCOST	#MACHINEHOURS
1	3,600	8,000
2	3,950	9,000
3	3,050	6,500
4	3,380	7,400
5	3,870	8,600
6	4,020	8,900
7	2,095	3,700

REQUIRED:

Separatethecost(Fixed andVariable),finding theclosestestimate oftheelements usingthehighandlowpointmethod.
Estimatethetotalcostlikelyinweekeight(8)iftheexpected levelofmachine hour is18,000.

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