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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 Costs

Total Machine Hours

January

$2,640 3,500

February

3,000 4,000

March

3,600 6,000

April

4,500 7,900

May

3,200 5,000

June

4,620 8,000

Determine the variable-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.)

Variable cost per machine hour

$enter the variable cost per machine hour in dollars rounded to 2 decimal places

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

Fixed costs

$

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