The following information is available for a company's maintenance cost over the last seven months. Using the
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The following information is available for a company's maintenance cost over the last seven months. Using the high-low method, estimate both the fixed and variable components of its maintenancecost.
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Month Maintenance Hours 18 36 24 30 42 48 12 Maintenance Cost June August . September . October November . $5,450 6,900 5,100 6,000 6,900 8.100 3,600
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