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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 cost | Total machine hours |
January | 2,880 | 330 |
February | 3,180 | 380 |
March | 3,780 | 530 |
April | 4680 | 660 |
May | 3380 | 530 |
June | 5470 | 730 |
Determine the variables cost components using the high low method
variable cost per machine $_______
Determine the fixed cost components using the high low method
total fixed costs $______
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