Required information [The following information applies to the questions displayed below.] Nation's Capital Fitness, Inc., operates a chain of fitness centers in the Washington, D.C., area. The firm's controller is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The accounting staff has suggested the use of the high-low method to develop an equation, in the form of Y= a + bx, for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows: Month January Hours of Maintenance Service 570 Maintenance Costs $ 5,031 February 480 4,250 March 300 2,790 April May June 470 4,340 350 2,990 460 4,130 July 350 3,080 August 430 3,570 September 470 4,050 October 370 3,200 November 380 3,250 December 330 3,060 Total 4,960 $43,741 Average 413* $ 3,645* *Rounded 2. Using your answer to requirement 1, what is the variable component of the maintenance cost? (Round your answer to 2 decimal places.) Variable maintenance cost per hour