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Exercise 19-5 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 19-5 The controller of Hall 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 $2,643 3,003 3,604 4,505 3,203 4,625 Total Machine Hours 3,504 4,004 6,006 7,908 5,005 8,008 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 VIDEO: SIMILAR EXERCISE VIDEO: A Determine the fixed components using the high-low method. (Round answer to 0 decimal places e.g. 2,520.) Fixed costs

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