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Question 15 The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs Total

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Question 15 The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs Total Total Month Maintenance Costs Machine Hours January February March April May $2,720 3,250 3,600 4,510 3,380 5,372 2,800 4,300 6,500 7,950 5,200 8,000 June Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.) Variable cost per machine hour LINK TO Determine the fixed cost component using the high-low method. Fixed cost

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