Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months.
Units Produced Total Cost
July 18,000 $36,000
August 32,000 48,000
September 36,000 55,000
October 22,000 38,000
November 40,000 74,500
December 38,000 62,000
Required:
Compute the variable and fixed cost elements using the high low method.
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