The controller of Billings Industries has collected the following monthly expense data for use in analyzing the
Question:
The controller of Billings 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 2,000-hour increments and $1,000 costincrements.
Transcribed Image Text:
Month January February March April May June Total Maintenance Costs $2,800 3,000 3,600 4,500 3,200 5,000 Total Machine Hours 3,000 4,000 6,000 7,900 5,000 8,000
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Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-0470477144
5th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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