Assignment 1, Fall Question 17 of 24 View Policies Current Attempt in Progress The controller of Ivanhoe Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs: Total Month Total Maintenance Costs Machine Hours January $2,750 2,950 February 3,050 4,250 March 3.950 6,300 April 4,540 8,200 May 3,560 5,450 June 5,882 8,350 Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places eg. 12.25) Variable cost $ per machine hour