xercise 5-3 a1-a2 (Video)

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		$2,590			330
February		2,890			380
March		3,490			530
April		4,390			660
May		3,090			530
June		5,470			730

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.

Total fixed costs

$