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The controller of Pharoah Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs. Month Total
The controller of Pharoah 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 $3,190 260 February 3,890 310 Marchi 5,090 460 April 6.750 650 May 4.290 360 June 7.190 660 (a1) Determine the variable cost component using the high-low method. (Round answers to 2 decimal places, e.g. 2.25) ( Variable cost per machine hour $ Save for Later Attempts: 0 of 1 used Submit Answer (a2) The parts of this question must be completed in order. This part will be available when you complete the part above
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