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The controller of Carla Vista Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total
The controller of Carla Vista 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 | $2,630 | 350 | |||
February | 2,930 | 400 | |||
March | 3,530 | 550 | |||
April | 4,430 | 640 | |||
May | 3,130 | 550 | |||
June | 5,230 | 750 |
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 |
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Determine the fixed cost components using the high-low method.
Total fixed costs | $enter the total fixed costs in dollars |
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