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Slonaker Inc. has provided the following data concerning its maintenance costs: Machine-Hours Maintenance Cost April 5,810 $30,390 May 5,793 $30,300 June 5,775 $30,248 July 5,772

Slonaker Inc. has provided the following data concerning its maintenance costs:

Machine-Hours Maintenance Cost
April 5,810 $30,390
May 5,793 $30,300
June 5,775 $30,248
July 5,772 $30,244
August 5,728 $30,089
September 5,806 $30,371
October 5,831 $30,410
November 5,812 $30,389
December 5,796 $30,329

Management believes that maintenance cost is a mixed cost that depends on machine-hours.

Required:

Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method. (Round your "Variable cost" to 2 decimal places. Omit the "$" sign in your response.)

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