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

The controller of Sheridan 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 $2,550 330
February 2,850 380
March 3,450 530
April 4,350 660
May 3,050 530
June 5,510 730

(a1)

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

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