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Current Attempt in Progress The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of
Current Attempt in Progress The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs: Month Total Maintenance Costs Total Machine Hours January $2,680 2,950 February 3,250 4,000 March 3,900 6,400 April 4,560 8,150 May 3,320 5,300 June 5,410 8,200 Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places eg. 12.25) Variable cost $ per machine hour
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