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Please answer both questions, thank you!! appreciate it The controller of Sheridan Industries has collected the following monthly expense data for use in analyzing the
Please answer both questions, thank you!! appreciate it
The controller of Sheridan Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Machine Hours Month Total Maintenance Costs $2,930 3,230 350 400 550 January February March April May June 640 3,830 4,730 3,430 5,730 550 750 Determine the variable cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per machine hour $ Determine the fixed cost components using the high-low method. Total fixed costs $Step by Step Solution
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