Question

The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs.


Instructions
(a) Determine the fixed- and variable-cost components using the high-low method.
(b) Prepare a graph showing the behavior of maintenance costs, and identify the fixed-and variable-cost elements. Use 100-hour increments and $1,000 costincrements.


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  • CreatedMarch 02, 2015
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