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Slonaker Inc. has provided the following data concerning its maintenance costs: April May June July August September October November December Machine-Hours 5,805 5,788 5,770 5,767
Slonaker Inc. has provided the following data concerning its maintenance costs: April May June July August September October November December Machine-Hours 5,805 5,788 5,770 5,767 5,723 5,801 5,821 5,807 5,791 Maintenance Cost $30,385 $30,295 $30,243 $30,239 $30,084 $30,366 $30,400 $30,384 $30,324 Management believes that maintenance cost is a mixed cost that depends on machine- hours. Required: Estimate the variable cost per machine-hour and the fixed cost per month using the high- low method. (Round your "Variable cost" to 2 decimal places. Omit the "$" sign in your response.) Variable cost per machine- hour Fixed cost per month $
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