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Connex Bus Company has incurred the following maintenance costs in the last six months. (a) Using the high-low method, determine the variable cost per km travelled and the fixed cost per month. (6 marks) (b) Using the answer from Question 3 Part A (a), estimate the maintenance cost for a month in which the distance travelled is 16,000km. (4 marks) (c) Describe any three (3) drawbacks of the high-low method of cost estimation
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