Question: Use word or Excel for the solution, explain all the steps clearly The CFO of Phoenix Industries has collected the following monthly expense data for

Use word or Excel for the solution, explain all the steps clearly

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

  1. Determine fixed and variable costs using the high-low method and prepare graph. You can use MS Excel If you wish.
  2. Draw a graph showing the behavior of maintenance costs and identify the fixed and variable cost elements. Use 100-hour increments and $1,000 cost increments for the graph.
  3. Draw a scatter plot showing maintenance costs and machine hours for each month.
Month Total Maintenance Costs Total Machine Hours

January

$2,500 300
February

3,000

350
March

3,600

500
April

4,500

690
May

3,200

400
June 4,900 700

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