Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Transcribed Image Text: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 $2,640
3,500
February 3,000
March
3,600
April
4,500
May
3,200
June
4,000
6,000
7,900
5,000
8,000
4,620
Determine the variable-cost components using the high-low method. (Round variable cost to 2
decimal places e.g. 12.25.)
Determine the fixed cost components using the high-low method. (Round answer to 0 decimal
places e.g. 2,520.)
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