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The controller of Ivanhoe Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs
The controller of Ivanhoe 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 $2,322 258 February 2,580 301 March 3,096 430 April 3,870 594 May 2,752 344 June 4,730 602 (a1) Determine the variable cost components using the high-low method. (Round answer to 2 decimal places eg, 2.25.) Variable cost per machine hour $
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