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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