Maintenance costs at a Staton Corporation factory are listed…
Maintenance costs at a Staton Corporation factory are listed below: Machine-Hours Maintenance Cost March 3,627 $ 54,384 April 3,588 $ 53,980 May 3,637 $ 54,453 June 3,638 $ 54,491 July 3,572 $ 53,843 August 3,611 $ 54,196 September 3,644 $ 54,550 October 3,609 $ 54,181 November 3,669 $ 54,767 Management believes that maintenance cost is a mixed cost that depends on machine-hours. Use the high-low method to estimate the variable and fixed components of this cost. Compute the variable component first and round off to the nearest whole cent. Compute the fixed component second and round off to the nearest whole dollar. These estimates would be closest to: