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Question 4 of 13 1/2 E Current Attempt in Progress The controller of Crane Industries has collected the following monthly expense data for use
Question 4 of 13 1/2 E Current Attempt in Progress The controller of Crane 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 $2,922 3,870 February 3,321 4,428 March 3,985 6,642 April 4,981 8,745 May 3,542 5,535 June 5,412 8,850 Question 4 of 13 (a1) Your answer is correct. 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 .50 50 1/ (a2) Determine the fixed cost components using the high-low method. Fixed costs $
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