he controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs:

Month		Total Maintenance Costs			Total Machine Hours
January		$2,740			2,700
February		3,100			4,400
March		3,600			6,050
April		4,520			8,000
May		3,590			5,350
June		5,932			8,400

Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.)

Variable cost

$

per machine hour

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

Fixed cost

$