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You MUST show all work in order to receive credit for the Question. Question 1 The following information is available for Hunter Companys maintenance cost
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Question 1
The following information is available for Hunter Companys maintenance cost over the last four months.
Month | Maintenance hours | Maintenance cost |
January | 150 | $6,000 |
February | 120 | $5,100 |
March | 240 | $8,100 |
April | 210 | $6,900 |
Required:
Use the high-low method to estimate both the fixed and variable component of its maintenance cost.
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