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Homework Chapter 22 1. The accountant of Elton industries has collected the following monthly expenses data for use in analyzing the cost behavior of maintenance

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Homework Chapter 22 1. The accountant of Elton industries has collected the following monthly expenses data for use in analyzing the cost behavior of maintenance costs. Month 1 2 3 4 5 6 $2900 3000 3600 4500 3200 4400 TMH 300 400 600 790 500 800 a. Determine the FC and VC using the high-low method. b. Prepare the graph, and identify the FC and VC. Use 100 hour increments and $1000 cost increments

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