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Tanner Inc has incurred the following overhead costs over a 6 week period: Week - Machine hours - overhead cost 1 68 1190 2 62
Tanner Inc has incurred the following overhead costs over a 6 week period:
Week - Machine hours - overhead cost
1 68 1190
2 62 1004
3 72 918
4 46 710
5 94 1025
6 48 965
Calculate the approximate fixed cost component of Tanner's overhead costs using the high-low method.
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