Question

Ethan Manufacturing Incorporated produces floor mats for automobiles. The owner, Joseph Ethan, has asked you to assist in estimating maintenance costs. Together, you and Joseph determine that the single best cost driver for maintenance costs is machine hours. These data are from the previous fiscal year for maintenance costs and machine hours: Month Maintenance Costs Machine Hours 1 $ 2,680 1,770 2 2,840 1,850 3 2,990 1,930 4 3,100 1,950 5 3,180 1,980 6 3,150 1,960 7 3,090 1,940 8 2,930 1,920 9 2,700 1,780 10 2,300 1,180 11 2,310 1,380 12 2,530 1,670 Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the cost equation for maintenance costs using the high-low method? Note: Round \"slope (unit variable cost)\" to 2 decimal places. Include outliers in your calculations. Maintenance costs = + ( ) x ( ) < Required 1 Required 2 >

          Ethan Manufacturing Incorporated produces floor mats for automobiles. The owner, Joseph Ethan, has asked you to assist in
estimating maintenance costs. Together, you and Joseph determine that the single best cost driver for maintenance costs is machine
hours. These data are from the previous fiscal year for maintenance costs and machine hours:
Month Maintenance Costs Machine Hours
1	$ 2,680	1,770
2	2,840	1,850
3	2,990	1,930
4	3,100	1,950
5	3,180	1,980
6	3,150	1,960
7	3,090	1,940
8	2,930	1,920
9	2,700	1,780
10	2,300	1,180
11	2,310	1,380
12	2,530	1,670
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
What is the cost equation for maintenance costs using the high-low method?
Note: Round \"slope (unit variable cost)\" to 2 decimal places. Include outliers in your calculations.
Maintenance costs	= 	+ 	( 	)	 x 	( 	)
< Required 1	Required 2 >

Ethan Manufacturing Incorporated produces floor mats for automobiles. The owner, Joseph Ethan, has asked you to assist in
estimating maintenance costs. Together, you and Joseph determine that the single best cost driver for maintenance costs is machine
hours. These data are from the previous fiscal year for maintenance costs and machine hours:
Month Maintenance Costs Machine Hours
1 2,680 1,770
2 2,840 1,850
3 2,990 1,930
4 3,100 1,950
5 3,180 1,980
6 3,150 1,960
7 3,090 1,940
8 2,930 1,920
9 2,700 1,780
10 2,300 1,180
11 2,310 1,380
12 2,530 1,670
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
What is the cost equation for maintenance costs using the high-low method?
Note: Round s̈lope (unit variable cost)ẗo 2 decimal places. Include outliers in your calculations.
Maintenance costs = + ( ) x ( )
< Required 1 Required 2 >

Added by Trinidad E.

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