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The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs: Total Total

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The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs: Total Total Machine Maintenance Month Costs Hours January $2,740 2,950 February 3,000 4,450 March 3,800 6,400 April 4,550 8,300 May June 3,440 5,300 5,872 8,350 Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.) Variable cost $ per machine hour LINK TO TEXT Determine the fixed cost component using the high-low method. Fixed cost

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