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Suomi The following data relate to the Torrence Company for May and August Maintenance hours Maintenance cost May 24,000 $1,311,000 August 30,000 $1,437,000 May and

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Suomi The following data relate to the Torrence Company for May and August Maintenance hours Maintenance cost May 24,000 $1,311,000 August 30,000 $1,437,000 May and August were the lowest and highest activity levels, and Torrence uses the high-low method to analyze cost behavior. If maintenance hours are estimated to be 27,000 hours in October, which of the following statements is true? Multiple Choice Total maintenance costs will be $1000 Total maintenance costs wil be $1320,000 Total maintenance costs will be $1374 000 Total maintenance costs will be $1.410.000

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