The controller of Furgee Industries has collected the following monthly expense
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 $2820 320February 3320 470March 3920 620April 4820 570May 3520 520June 5390 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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