Exercise 5-5 a1-a2 (Video)

The controller of Blossom 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		$3,018			4,000
February		3,429			4,572
March		4,115			6,858
April		4,633			9,030
May		3,658			5,715
June		4,817			9,140

Determine the variable-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.)

Variable cost per machine hour

$

LINK TO TEXT LINK TO TEXT

Determine the fixed cost components using the high-low method.

Fixed costs

$

Click if you would like to Show Work for this question:

Open Show Work