Prepare a graph showing behavior of maintenance costs

Assignment Help Accounting Basics

Reference no: EM13257157

The controller of Dugan industries has collected the followingmonthly expense data for use in analyzing the cost behaviour ofmaintenance costs.

Total Total

Month Maintenancecosts Machine hours

January $2,400 300

February 3000 400

March 3,600 600

April 4,500 790

May 3,200 500

June 4,900 800

Instructions:

Determine the fixed and variable cost components using the highlow method
Prepare a graph showing the behavior of maintenance costs, andidentify the fixed and variable cost elements. Use 200 unitincrements and $1000 cost increments

Reference no: EM13257157

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