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Exercise 5-5 a1-a2 (Video) The controller of Crane Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance

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Exercise 5-5 a1-a2 (Video) The controller of Crane Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance co Total Hours 4,110 4,700 7,050 9,282 5,875 9,420 Total Maintenance Costs Month January February March April May June $3,102 3,525 4,230 5,125 3,760 5,226 Determine the variable-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per machine hours 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

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