Question: Using the following data, Calculate the TOTAL annual fixed and variable components for wage cost using the high-low method. Month Jan. Feb Mar. Apl. May

Using the following data, Calculate the TOTAL annual fixed and variable components for wage cost using the high-low method. Month Jan. Feb Mar. Apl. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Sales Revenue $48,900 48,300 51,300 48,500 68,100 92,500 106,700 88,100 68,500 60,900 56,500 54,100 Wage cost $22,700 22,300 22,500 22,900 26,500 37,300 38,400 32,300 30,300 25,700 22,500 26,100

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