Question
The controller of Blossom Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total Maintenance
The 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 $2,550 300 February 2,850 350 March 3,450 500 April 4,350 690 May 3,050 500 June 5,550 700 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 $enter the variable cost per machine hour in dollars rounded to 2 decimal places Determine the fixed cost components using the high-low method. Total fixed costs $enter the total fixed costs in dollars Expert Answer An expert answer will be posted here Up next for you in Accounting Compute the variable cost per unit using the high-low method. (Round vat Variable cost per unit $ Compute t Solution Image 1 See answer In the month of March, Style Salon services 570 clients at an average price of $200. During the month, fixed co Solution Image See answer See more questions for subjects you study Post a question Answers from our experts for your tough homework questions
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