The controller of furgee industries has collected the

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The controller of Furgee Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs.

Month


Total Maintenance Costs


Total Machine Hours

January
$2,790
300
February
3,290
450
March
3,890
600
April
4,790
590
May
3,490
500
June
5,360
700

Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal places e.g. 12.250.)

Variable cost per machine hour

$

Determine the fixed components using the high-low method.

Total fixed costs

$

Reference no: EM13587507

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