Question
The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month. Total maintenance
The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs.
Month. Total maintenance cost. Total machine hours
January. $ 3,041. 4,032
February 3,456 4,608
March 4,147 6,912
April 5,184 9,101
May 3,686 5,760
June 5,322 9,216
Determine the variable-cost components using the high-low method.(Round variable cost to 2 decimal places e.g. 12.25.)
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Managerial Accounting
Authors: James Jiambalvo
3rd Edition
0470038152, 978-0470038154
