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The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. table [
The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs.
tableMonthtableTotalMaintenance CoststableTotalMachine HoursJanuary$FebruaryMarchAprilMayJune
Determine the total fixed cost component using the highlow method.
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