Question
he controller of Blossom Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total Maintenance
he 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 | $2,912 | 3,860 | |||
| February | 3,309 | 4,412 | |||
| March | 3,971 | 6,618 | |||
| April | 4,963 | 8,714 | |||
| May | 3,530 | 5,515 | |||
| June | 5,894 | 8,830 | |||
Determine the variable-cost components using the high-low method.
Determine the fixed cost components using the high-low method.
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