Using the high-low method and the Babar Inc. data above, calculate the variable maintenance cost per machine hour

Babar Inc. manufactures electronic parts. Its managers are analyzing its monthly maintenance costs to determine the best way budget these costs in the future. They have collected the following data for the last 6 months: Month Machine Hours Maintenance Costs January 30,000 $62,000 February 40,000 $74,500 March 37,500 $65,900 April 39,000 $68,750 May 42,300 $74,000 June 35,000 $64,500