Question

The controller of Concord Industries has collected the following monthly expense data for use in analyzing...

The controller of Concord 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 $2,970 300
February 3,020 360
March 3,620 510
April 4,520 680
May 3,220 510
June 6,130 700

(a1)

Determine the variable cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.)

Variable cost per machine hour

$
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