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The controller of Wildhorse Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs
The controller of Wildhorse Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs $2,600 Total Machine Hours 310 Month January February March April 360 510 2,900 3,500 4,400 3,100 5,080 May 680 510 June 710 (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 $ Determine the fixed cost components using the high-low method. Total fixed costs $ e Textbook and Media
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