Swofford Inc

question 56

Essay

Swofford Inc.has provided the following data concerning its maintenance costs:
Management believes that maintenance cost is a mixed cost that depends on machine-hours.
Required:
Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method.Show your work!

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Definitions:

Rote Rehearsal

A memorization technique based on repetition, where information is repeated over and over to keep it in short-term memory for longer periods.

Permanent Memory

A long-term storage of information in the brain, considered to be relatively stable and enduring over time.

Impressive Feats

Remarkable acts or achievements that demonstrate a high level of skill, strength, or ingenuity.

Significant

Having considerable importance, size, or worth; meaningful or consequential.