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A) Determine the variable cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) B) Determine the fixed cost components using
A) Determine the variable cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.)
B) Determine the fixed cost components using the high-low method. (Round answer to 0 decimal places e.g. 2,520.)
The controller of Cullumber Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs Month Total Machine Hours January $2,100 252 February 2,520 294 March 3,024 420 April 3,780 580 May 2,688 336 June 4,620 588Step by Step Solution
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