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The controller of Furgee Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs. Total Maintenance Costs

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The controller of Furgee Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs. Total Maintenance Costs Total Machine Hours Month January $1,780 300 February 2,180 350 March 2.480 500 April 3,000 690 May 2.280 400 June 3,380 700 Determine the variable cost component using the high-low method Variable cost per machine hour S Determine the fixed cost component using the high-low method. Fixed costs S

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