High-low method to calculate variable rate of maintenance
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Month Total Maintenance Cost Production Volume (units)
January $1,880 1,750 units
February $1,800 1,500 units
March $2,200 2,500 units
April $2,120 2,250 units
May $2,300 2,750 units
Using the high-low method, the variable rate for maintenance is:
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The solution explains the use of high low method to calculate the variable cost.
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In the high low method, we take the highest values and the lowest ...
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