Buckeye Company Has Provided the Following Data for Maintenance Cost

question 79

Multiple Choice

Buckeye Company has provided the following data for maintenance cost:
Using the high-low method,what is the cost formula for maintenance cost?

• A) $7,000 per year plus $0.625 per machine hour.
• B) $7,000 per year plus $1.60 per machine hour.
• C) $21,625 per year plus $0.625 per machine hour.
• D) $27,000 per year plus $1.60 per machine hour.FC = 31,000 - 15,000 * 1.60 = $7,000

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