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

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The controller of Pharoah Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs Total Maintenance Costs Month Total Machine Hours January $3,190 260 February 3,890 310 March 5,090 460 April 6,750 650 May 4,290 360 June 7.190 660 Determine the variable cost component using the high-low method. (Round answers to 2 decimal places, eg. 2.25.) Variable cost per machine hour $ eTextbook and Media Determine the fixed cost component using the high-low method. Fixed costs $ eTextbook and Media

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