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The controller of Sheridan Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs. Total Electricity Costs Total Machine
The controller of Sheridan Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs.
Total Electricity Costs | Total Machine Hours | |||||||
---|---|---|---|---|---|---|---|---|
January | $2,380 | 200 | ||||||
February | 3,010 | 390 | ||||||
March | 3,600 | 490 | ||||||
April | 4,800 | 690 | ||||||
May | 3,150 | 500 | ||||||
June | 4,900 | 710 | ||||||
July | 4,040 | 645 | ||||||
August | 3,880 | 530 | ||||||
September | 5,060 | 675 | ||||||
October | 4,200 | 610 | ||||||
November | 3,390 | 390 | ||||||
December | 6,090 | 730 |
(a)
Determine the fixed- and variable-cost components using the high-low method.
Fixed-costs | $enter the fixed cost amount in dollars | |
---|---|---|
Variable-costs | $enter the variable cost amount in dollars |
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