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The controller of Furgee Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs. Month Total Maintenance
The controller of Furgee Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs. Month Total Maintenance Costs Total Machine Hours January $2,400 350 February 2,850 400 March 3,300 550 April 4,010 740 May 3,000 450 June 4,400 750 Determine the variable cost component using the high-low method. Variable cost per machine hour $ Determine the fixed cost component using the high-low method. Fixed costs $
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