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

The controller of Pharoah 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 $2,620 310
February 2,920 360
March 3,520 510
April 4,420 680
May 3,120 510
June 5,220 710

(a1)

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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

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(a2)

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

Total fixed costs

$enter the fixed costs in dollars

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