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Slonaker Inc. has provided the following data concerning its maintenance costs: Machine-Hours Maintenance Cost April 5,800 $30,380 May 5,783 $30,290 June 5,765 $30,238 July 5,762

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

Machine-Hours Maintenance
Cost
April 5,800 $30,380
May 5,783 $30,290
June 5,765 $30,238
July 5,762 $30,234
August 5,718 $30,079
September 5,796 $30,361
October 5,811 $30,390
November 5,802 $30,379
December 5,786 $30,319


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.)


Variable cost per machine-hour $
Fixed cost per month $

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