BE18-5 Presto Corp. has collected the following data concerning its maintenance costs for the past 6 months.
|
|
Units Produced |
Total Cost |
|
July |
18,000 |
$32,000 |
|
August |
32,000 |
48,000 |
|
September |
36,000 |
55,000 |
|
October |
22,000 |
38,000 |
|
November |
40,000 |
65,000 |
|
December |
38,000 |
62,000 |
Compute the variable and fixed cost elements using the high-low method.