Maintenance costs at a Straiton Corporation factory are listed below: Machine-Hours Maintenance CostMarch3,627 $54,384April3,588 $53,980May3,637 $54,453June3,638 $54,491July3,572 $53,843August3,611 $54,196September3,644 $54,550October3,609 $54,181November3,669 $54,767 Management believes that maintenance cost is a mixed cost that depends on machine-hours. Use the high-low method to estimate the variable and fixed components of this cost. Compute the variable component first and round off to the nearest whole cent. Compute the fixed component second and round off to the nearest whole dollar. These estimates would be closest to:
A. $0.10 per machine-hour; $54,382 per month
B. $9.53 per machine-hour; $19,801 per month
C. $15.00 per machine-hour; $54,316 per month
D. $9.12 per machine-hour; $21,309 per month
Answer: B
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