The following are the maintenance costs incurred in a machine shop for six months with corresponding machine hours:
| Month Don't use plagiarized sources. Get Your Custom Essay on you are required to segregate the maintenance cost which is semi variable into fixed 608739 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | Machine Hours | Maintenance Cost Rs. |
| July | 4,000 | 600 |
| August | 4,400 | 640 |
| September | 3,400 | 540 |
| October | 4,800 | 680 |
| November | 3,600 | 560 |
| December | 3,800 | 580 |
| 24,000 | 3,600 |
You are required to segregate the maintenance cost which is semi-variable into fixed and variable elements by using Range method.
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