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Question 18 The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs:
Question 18 The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs: Total Machine Total Maintenance Month Costs Hours January $2,780 2,750 February 3,500 4,000 March 3,650 6,250 April 4,510 8,050 May 3,440 5,100 June 5,266 8,400 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 TEXT Determine the fixed cost component using the high-low method. Fixed cost $
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