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Southlake Inc uses the high low method to analyze cost behavior. The company observed that at 30,000 machine hours of activity, total maintenece costs averaged

Southlake Inc uses the high low method to analyze cost behavior. The company observed that at 30,000 machine hours of activity, total maintenece costs averaged $11/hour. When activity jumped to 60,000 machine hours which was still within the relevant range, the average total maintence cost was $9.

What are the total costs estimated to be at the level of 50,000 machine hours?

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