Help Save & Exit Submit Check my work Nation's Capital Fitness, Inc., operates a chain of fitness centers in the Washington, DC., area. The firm's controller is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The accounting staff has suggested the use of the high-low method to develop an equation, in the form of Y = a +bX for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows: Month January February March April May June July August September October November December Total Average Hours of Maintenance Service 520 490 300 500 310 482 320 400 470 350 340 320 4,800 400 Maintenance Costs $ 4,470 4.260 2,820 6,350 2,960 4,200 3,000 3,600 4,050 3,380 3,160 3,030 543,200 $3,600 2. Using your answer to requirement 1, what is the variable component of the maintenance cost? (Round your athswer to 2 decimal places.) Variable maintenance cost per hour eferences 3. Compute the predicted maintenance cost at 590 hours of activity Maintenance cost 4-6. Compute the variable cost per hour and the fixed cost per hour at 600 hours of activity (Round your answers to 2 decimal places.) Variable cost per hour Fixed cost per hour