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xercise 5-3 a1-a2 (Video) The controller of Sunland Industries has collected the following monthly expense data...

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 $
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Answer #1

Answer exercise 5-3.pdf

source: My knowledge in Accounting.
answered by: Jose Godinez
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Answer #2


High-Low cost method is helpful to separate/distinguish the cost component between Fixed component and Variable component of

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