The controller of Dang Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Determine the fixed component using the high- low method. Month Total Maintenance Costs Total Machine Hours January $2,610 310 February 3,110 460 March 3,710 610 April 4,610 580 May 3,310 510 June 5,320 710
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Determine the fixed component using the high-low method
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