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Exercise 18-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total

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Exercise 18-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Machine Total Maintenance Costs Month Hours January $2,695 3,574 February 3,063 4,084 March 3,676 6,126 April 4.595 8,066 5,105 May 3,267 June 4,717 8,168 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 T XT LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Determine the fixed cost components using the high-low method. (Round answer to 0 decimal places e.g. 2,520.) Fixed costs

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