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The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs Total Maintenance Costs
The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs Total Maintenance Costs Total Machine Hours Month January February March April May June $2,735 3,108 3,730 4,662 3,315 4,786 3,626 4,144 6,216 8,184 5,180 8,288 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hour LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE VIDEO: APPLIED SKILLS Determine the fixed cost components using the high-low method. (Round answer to 0 decimal places e.g. 2,520.) Fixed costs
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