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(Need help with this whole problem) thank you Problems (Where applicable, please show all work) Problem 1: Maintenance costs at a TRex Corporation factory are
(Need help with this whole problem) thank you
Problems (Where applicable, please show all work) Problem 1: Maintenance costs at a TRex Corporation factory are listed below: January February March April May June July August September Machine-Hours 3,658 3.613 3.607 3.614 3.638 3.604 3.653 3.634 3.588 Maintenance Cost $52.986 $52.580 $52.504 $52.585 $52.825 $52.500 $52.943 $32.776 $52.337 Management believes that maintenance cost is a mixed cost that depends on machine- hours. B: Estimate the fixed cost per month Required: Show your work! A: Using the high-low method, estimate the variable cost per machine-hour. C: If the company estimates that it will use 3,600 machine hours, what will be the Maintenance costs?
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