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The following information is available for a companys maintenance cost over the last seven months. Month Units Produced Maintenance Cost June 110 $ 5,320 July
The following information is available for a companys maintenance cost over the last seven months. Month Units Produced Maintenance Cost June 110 $ 5,320 July 170 7,300 August 130 5,980 September 160 6,970 October 220 8,950 November 250 9,940 December 70 4,000 Using the high-low method, estimate both the fixed and variable components of its maintenance cost.
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