The following information is available for a company's maintenance cost over the last seven months. Month Units Produced Maintenance Cost June 180 $ 10,900 July 360 13,800 August 240 10,200 September 300 12,000 October 420 13,800 November 480 16,200 December 120 7,200 Using the high-low method, the variable component of its maintenance cost is:

Managerial Accounting: The Cornerstone of Business Decision-Making
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Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 17MCQ: Use the following information for Multiple-Choice Questions 2-13 through 2-18: Last year, Barnard...
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The following information is available for a company's maintenance cost over the last seven months.
Month
Units Produced
Maintenance Cost
June
180
$ 10,900
July
360
13,800
August
240
10,200
September
300
12,000
October
420
13,800
November
480
16, 200
December
120
7,200
Using the high-low method, the variable component of its maintenance cost is:
Transcribed Image Text:The following information is available for a company's maintenance cost over the last seven months. Month Units Produced Maintenance Cost June 180 $ 10,900 July 360 13,800 August 240 10,200 September 300 12,000 October 420 13,800 November 480 16, 200 December 120 7,200 Using the high-low method, the variable component of its maintenance cost is:
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