Current Attempt in Progress The controller of Sheridan

Last updated: 2/14/2023

Current Attempt in Progress The controller of Sheridan Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs January February March April May June July August September October November December a Total Electricity Costs Fixed costs 2 370 2 920 3 580 4 530 3 210 4 980 4 150 3 850 5 160 4 240 3 240 6 570 Total Machine Hours S 16 210 Variable cost per machine hour S 390 470 690 470 790 625 530 665 Determine the fixed and variable cost components using the high low method 605 390 810