Babar Inc. manufactures electronic parts. Its managers are analyzing its monthly maintenance costs to determine the best way to budget these costs in the future. They have collected the following data for the last $6$ months:

Month Machine Hours

Maintenance Costs

January

$30,000$

$$62,000$

February

$40,000$

$$74,500$

March

$37,500$

$$65,900$

April

$39,000$

$$68,750$

May

$42,300$

$$74,000$

June

$35,000$

$$64,500$

Using the high$-$low method and the Babar Inc. data above, calculate the variable maintenance cost per machine hour.

Select answer from the options below $-$ Correct!

$$1\mathrm{.}016/$hr

$$0\mathrm{.}976/$hr

$$1\mathrm{.}009/$hr

$$1\mathrm{.}025/$hrBabar Inc. manufactures electronic parts. Its managers are analyzing its monthly maintenance costs to determine the best way to

budget these costs in the future. They have collected the following data for the last $6$ months:

Using the high$-$low method and the Babar Inc. data above, calculate the variable maintenance cost per machine hour.

$$\frac{1\mathrm{.}016}{h}r$

$$\frac{0\mathrm{.}976}{h}r$

$$\frac{1\mathrm{.}009}{h}r$

$$\frac{1\mathrm{.}025}{h}r$