The controller of Ivanhoe Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs. Month January February March April May June (a1) Total Total Maintenance Costs Machine H machine hour (a2) $2,400 2,850 3,300 Fixed costs 4,010 Your answer has been saved. See score details after the due date. 3,000 4,400 5 350 Determine the fixed cost component using the high-low method.

The controller of Ivanhoe Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs. (a1) Your answer has been saved. See score details after the due date. Determine the variable cost component using the high-low method. (Round answers to 2 decimal places, e.s. 2.25.) machine hour \$ Attempts: 1 of 1 used (a2) Determine the fixed cost component using the high-low method