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Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN: 9781305970663
Author: Don R. Hansen, Maryanne M. Mowen
Publisher: Cengage Learning
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The controller of further industries..accounting question

Transcribed Image Text:The controller of Furgee Industries has collected the following monthly expense data
for use in analyzing the cost behavior of maintenance costs. Determine the fixed
component using the high-low method.
Month Total Maintenance Costs Total Machine Hours
January $2,610
310
February 3,110
460
March 3,710
610
April
4,610
580
May
3,310
510
June
5,320
710
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