Solution-Determine the variable cost components

Determine the variable cost components

Reference no: EM131733607

Question - The controller of Norton 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	310
February	2,900	360
March	3,500	510
April	4,400	680
May	3,100	510
June	5,590	710

(a) Determine the variable cost components using the high-low method.

Reference no: EM131733607

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Determine the variable cost components

Reference no: EM131733607

Reference no: EM131733607

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