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The controller of Dalton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs
The controller of Dalton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs January $2,420 February 3,034 March 3,590 April 4,740 May 3,156 June 4,720 Total Machine Hours January 310 February 400 March 602 April 774 May 499 June 810 Determine the fixed and variable cost components using the high-low method. (Round variable cost to 2 decimal places, e.g. 10.50, and the other answer to 0 decimal places, e.g. 125.)
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