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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: Month Total Maintenance

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

Month Total Maintenance Costs Total Machine Hours
January $2,760 2,700
February 3,300 4,050
March 3,750 6,350
April 4,590 7,900
May 3,350 5,500
June 5,007 8,050

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

Determine the fixed cost component using the high-low method.

Fixed cost $

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