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The controller of Wildhorse Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs: Total Month
The controller of Wildhorse Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs: Total Month Maintenance Costs Total Machine Hours January $2,740 3,000 February 3,150 4,050 March 3,950 6,150 April 4,570 8,200 May 3,290 5,500 June 5,178 8,300 Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.) Variable cost Question Part Score $ per machine hour Determine the fixed cost component using the high-low method. Fixed cost $
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