Kumar Co. is attempting to predict its maintenance costs more accurately. Maintenance costs are a mixed cost. Maintenance costs and machine hours for the first four months of the year are as follows: Required: Using the high-low method, calculate unit variable cost and monthly fixed costs.

Question

Kumar Co. is attempting to predict its maintenance costs more accurately. Maintenance costs are a mixed cost. Maintenance costs and machine hours for the first four months of the year are as follows:  Required: Using the high-low method, calculate unit variable cost and monthly fixed costs.

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The Answer of Kumar Co. is attempting to predict its maintenance costs more accurately. Maintenance costs are a mixed cost. Maintenance costs and machine hours for the first four months of the year are as follows:  Required: Using the high-low method, calculate unit variable cost and monthly fixed costs.

Kumar Co Is Attempting to Predict Its Maintenance Costs More Accurately