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Calculate the monthly fixed component of maintenance cost

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Reference no: EM132197980

Question - Given

Month

Total Maintenance Cost

Total Production

January

$1880

1750

February

$1800

1500

March

$2200

2500

April

$2120

2250

May

$2300

2750

Using the high-low method, calculate the monthly fixed component of maintenance cost?

$1,100

$1,600

$1,200

$1,300

Reference no: EM132197980

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