The cost data for Evencoat Paint for the year 2019 is as follows: Month Gallons of...

The cost data for Evencoat Paint for the year 2019 is as follows:

Month	Gallons of Paint Produced		Equipment Maintenance Expenses
January		110,000		$70,700
February		68,000		66,800
March		71,000		67,000
April		77,000		68,100
May		95,000		69,200
June		101,000		70,300
July		125,000		70,400
August		95,000		68,900
September		95,000		69,500
October		89,000		68,600
November		128,000		72,800
December		122,000		71,450

A. Using the high-low method, express the company’s maintenance costs as an equation where x represents the gallons of paint produced. Then estimate the fixed and variable costs.

Fixed cost $ 60,000

Variable cost $

Need help with variable cost.

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Expert Solution

ekkarill92 answered 2 years ago

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