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Records from previous periods show the following relationship between machine hours and maintenance costs Machine hours Maintenance costs 15,450 $28,850 12.700 629.450 10,900 $27,070 18,300
Records from previous periods show the following relationship between machine hours and maintenance costs Machine hours Maintenance costs 15,450 $28,850 12.700 629.450 10,900 $27,070 18,300 136,690 Source: adapted from Chartered Institute of Management Accountants, Paper Pi, Performance Evilvation, Required: using High-Low method The estimated maintenance costs for 26,500 machine hours are
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