The controller of Furgee Industries has collected the following monthly expense data for use in analyzing the cost behavior of…
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The controller of Furgee 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 $2,820 320 February 3,320 470 March 3,920 620 April 4,820 570 May 3,520 520 June 5,390 720 (a)Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal places e.g. 12.250.) Variable cost per machine hour $_____________
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