Exercise 18-3 (Part Level Submission)

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		$2,630		320
February		3,130		470
March		3,730		620
April		4,630		570
May		3,330		520
June		5,150		720

(a)

	Your answer is correct.

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

$

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(b)

	Your answer is incorrect. Try again.

Determine the fixed components using the high-low method. (Round answer to 0 decimal places e.g. 2,520.)

Total fixed costs

$