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The controller of Hall Industries has collected the following monthly expense data for use in analyzing...

The controller of Hall 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 $ 3,041 4,032
February 3,456 4,608
March 4,147 6,912
April 5,184 9,101
May 3,686 5,760
June 5,322 9,216
Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.)
Variable cost per machine hour

$The controller of Hall Industries has collected th

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Determine the fixed cost components using the high-low method. (Round answer to 0 decimal places e.g. 2,520.)
Fixed costs

$The controller of Hall Industries has collected th

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Answer #1

Determine variable-cost components using the high-low method: $5,322-S3,041 $9,216-$4,032 $2,281 $5,184 Variable cost per mac

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