Question - The controller of Dugan 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
|
420
|
|
February
|
3,200
|
520
|
|
March
|
3,800
|
720
|
|
April
|
4,700
|
910
|
|
May
|
3,400
|
620
|
|
June
|
5,300
|
920
|
Determine the fixed and variable cost components using the high-low method.