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The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total Maintenance

The controller of Norton 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 $2,550 300
February 2,850 350
March 3,450 500
April 4,350 690
May 3,050 500
June 5,460 700

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Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal places e.g. 12.250.)

Variable cost per machine hour

$

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Determine the fixed cost components using the high-low method. (Round answer to 0 decimal places e.g. 2,520.)

Total fixed costs

$

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