maintenance costs: Total Total Month Maintenance Costs Machine Hours January $2,750 2,850 February 3,150 4,400 March 4,000 6,250 April 4,520 8.250 Мay 3,320 5,000 June 5,693 8,300 (a1) Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.)

maintenance costs: Total Total Month Maintenance Costs Machine Hours January $2,750 2,850 February 3,150 4,400 March 4,000 6,250 April 4,520 8.250 Мay 3,320 5,000 June 5,693 8,300 (a1) Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.)

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 3P: Scattergraph method Using the data in P4-2 and a piece of graph paper: 1. Plot the data points on...

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Question

The controller of Blossom Industries has collected the following monthly expense data for use in analyzing the cost behaviour of
maintenance costs:
Total
Total
Month
Maintenance Costs
Machine Hours
January
$2,750
2,850
February
3,150
4,400
March
4,000
6.250
April
4,520
8,250
May
3,320
5.000
June
5,693
8,300
(a1)
Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.)

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