The controller of Furgee Industries has collected the following monthly expense data for use in analyzing the cost behavior of…
The controller of Furgee 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 $2,820 320 February 3,320 470 March 3,920 620 April 4,820 570 May 3,520 520 June 5,390 720 (a)Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal places e.g. 12.250.) Variable cost per machine hour $_____________
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