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Simone Company has provided the following data for the first five months of the year: January February March April May Machine Hours Lubrication Cost 110
Simone Company has provided the following data for the first five months of the year: January February March April May Machine Hours Lubrication Cost 110 $730 160 $810 220 $980 150 $795 170 $825 Using the high-low method of analysis, the estimated variable lubrication cost per machine hour is closest to? Using the high-low method of analysis, the estimated monthly fixed component of lubrication cost is closest to? If the machine hours is estimated to be 175 hours what is the total cost anticipated using the cost equation
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