Vest Construction Company's cost of renting a crane for the last four months is as follows:
$$\begin{array}{lcr}
\textbf { Month } & \textbf { Hours of Operation } & \textbf { Rental Cost } \
\text { January } & 35 & \$ 1,200 \
\text { February } & 42 & \$ 1,350 \
\text { March } & 45 & \$ 1,400 \
\text { April } & 40 & \$ 1,290
\end{array}$$ Using the high-low method,what is the company's estimated variable and fixed component of operating expenses?

Question

Vest Construction Company's cost of renting a crane for the last four months is as follows:
 $$\begin{array}{lcr}
\textbf { Month } & \textbf { Hours of Operation } & \textbf { Rental Cost } \
\text { January } & 35 & \$ 1,200 \
\text { February } & 42 & \$ 1,350 \
\text { March } & 45 & \$ 1,400 \
\text { April } & 40 & \$ 1,290
\end{array}$$ Using the high-low method,what is the company's estimated variable and fixed component of operating expenses?

Quizplus · Accepted Answer

The Answer of Vest Construction Company's cost of renting a crane for the last four months is as follows:
 $$\begin{array}{lcr}
\textbf { Month } & \textbf { Hours of Operation } & \textbf { Rental Cost } \
\text { January } & 35 & \$ 1,200 \
\text { February } & 42 & \$ 1,350 \
\text { March } & 45 & \$ 1,400 \
\text { April } & 40 & \$ 1,290
\end{array}$$ Using the high-low method,what is the company's estimated variable and fixed component of operating expenses?

Vest Construction Company's Cost of Renting a Crane for the Last