The following information is available for a companys maintenance cost over the last seven months....
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Accounting
The following information is available for a companys maintenance cost over the last seven months. Month Maintenance Hours Maintenance Cost June 11 $ 5,550 July 17 7,000 August 13 5,200 September 16 6,100 October 22 7,000 November 25 8,560 December 7 3,700 Using the high-low method, estimate both the fixed and variable components of its maintenance cost.
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