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The controller of Sunland Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total Maintenance
The controller of Sunland 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 | $3,123 | 4,140 | |||
February | 3,549 | 4,732 | |||
March | 4,259 | 7,098 | |||
April | 5,055 | 9,346 | |||
May | 3,786 | 5,915 | |||
June | 5,251 | 9,460 |
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 $__________
Determine the fixed cost components using the high-low method (Round your answer to zero decimal places e.g. 2,520)
Fixed cost $__________
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