QS 18-3 Cost behavior estimation-high-low method LO P1

The following information is available for a companys maintenance cost over the last seven months.

Month	Maintenance Hours			Maintenance Cost
June		11		$	5,250
July		17			6,700
August		13			4,900
September		16			5,800
October		22			6,700
November		25			7,180
December		7			3,400

Using the high-low method, estimate both the fixed and variable components of its maintenance cost.

High-Low method - Calculation of variable cost per unit
Total cost at the high point
Variable costs at the high point:
Volume at the high point:
Variable cost per unit
Total variable costs at the high point
Total fixed costs
Total cost at the low point
Variable costs at the low point:
Volume at the low point:
Variable cost per unit
Total variable costs at the low point
Total fixed costs