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Maintenance expenses of a company are to be analyzed for purposes of constructing a flexible...

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Maintenance expenses of a company are to be analyzed for purposes of constructing a flexible budget. Examination of past records disclosed the following costs and volume measures: Cost per month Machine hours Highest $ 47,000 53,000 Lowest $ 39,000 43,000 Using the high-low technique, estimate the annual fixed cost for maintenance expenditures

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