Business, 01.04.2021 15:50 jaida03

Maintenance costs at a Straiton Corporation factory are listed below: Machine-HoursMaintenance Cost March3,627$ 54,384 April3,588$ 53,980 May3,637$ 54,453 June3,638$ 54,491 July3,572$ 53,843 August3,611$ 54,196 September3,644$ 54,550 October3,609$ 54,181 November3,669$ 54,767 Management believes that maintenance cost is a mixed cost that depends on machine-hours. Use the high-low method to estimate the variable and fixed components of this cost. Compute the variable component first and round off to the nearest whole cent. Compute the fixed component second and round off to the nearest whole dollar. These estimates would be closest to: (Round your intermediate calculations to 2 decimal places.)

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Maintenance costs at a Straiton Corporation factory are listed below: Machine-HoursMaintenance Cost...

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