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The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs: Total Maintenance
The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs: Total Maintenance Total Machine Month Costs Hours January $2,720 3,000 February 3,200 4,300 March 3,900 6,300 April 4,570 8,100 May 3,470 5,100 June 5,528 8,200 Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.) Variable cost per machine hour LINK TO TEXT Determine the fixed cost component using the high-low method. Fixed cost $
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