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The following information is available for a companys maintenance cost over the last seven months. Month Maintenance Hours Maintenance Cost June 9 $ 5,450 July
The following information is available for a companys maintenance cost over the last seven months. Month Maintenance Hours Maintenance Cost June 9 $ 5,450 July 18 6,900 August 12 5,100 September 15 6,000 October 21 6,900 November 24 8,100 December 6 3,600 Using the high-low method, estimate both the fixed and variable components of its maintenance cost
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