Question
The controller of Wildhorse Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total Maintenance
The controller of Wildhorse 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 $2,600 310 February 2,900 360 March 3,500 510 April 4,400 680 May 3,100 510 June 5,080 710 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 components using the high-low method rounded to 2 decimal places eTextbook and Media Determine the fixed cost components using the high-low method. Total fixed costs $enter the fixed cost components using the high-low method
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