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Exercise 11-3 The controller of Pronghorn Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total
Exercise 11-3 The controller of Pronghorn Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs Month January February March April May June $2,730 2,900 3,500 4,400 3,100 5,570 Total Machine Hours 300 380 530 660 530 700 Determine the variable cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25. Variable cost per machine hour LINK TO TEXT LINK TO TEXT Determine the fixed cost components using the high-low method. (Round answer to O decimal places e.g. 2,520.) Total fixed costs Clirk if von would like to Show Wnrk for this nuestinn Onen Show Work
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