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Platinum, Co. operates a chain of fitness centers in Kuwait. The cost analyst is trying to determine the firm's equipment maintenance costs. Hours of maintenance
Platinum, Co. operates a chain of fitness centers in Kuwait. The cost analyst is trying to determine the firm's equipment maintenance costs. Hours of maintenance Maintenance Costs (Y) Service (x) January 553 1621 February 622 1700 March 780 1980 April 560 1600 May 454 1 380 June 330 1 350 Use the high-low method to estimate the variable costs per hour of maintenance service, and the total fixed costs. Required: Explain all your steps / calculations details in the box below, or upload your answers as an attachment. (the grade will be distributed based on each step)
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