Question: QS 21-3 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

QS 21-3 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 $ 4,780 July 17 6,400 August 13 5,320 September 16 6,130 October 22 7,750 November 25 8,560 December 7 3,700 Using the high-low method, estimate both the fixed and variable components of its maintenance cost.

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