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Cost Estimation; High-Low Method; MAPE Horton Manufacturing Inc. produces blinds and other window treatments for residential homes and offices. The owner is concerned about the mainte- nance costs for the production machinery because maintenance costs for the previous fiscal year were higher than he expected. The owner has asked you to assist in estimating future maintenance costs to better predict the firm's profitability. Together, you have determined that the best cost driver for maintenance costs is machine hours. The data from the previous fiscal year for maintenance costs and machine hours follow: Month Maintenance Costs Machine Hours $2,625 2,670 1,499 1,590 1,605 2,720 2,822 2,855 3,005 1,655 1,775 5 1,880 6 2,865 2,905 1,785 7 1,805 1,695 8 2,780 9 1,410 2,570 10 1,550 11 2,590 1,425 12 2,890 23tLn o Cost Estimation; High-Low Method; MAPE Horton Manufacturing Inc. produces blinds and other window treatments for residential homes and offices. The owner is concerned about the mainte- nance costs for the production machinery because maintenance costs for the previous fiscal year were higher than he expected. The owner has asked you to assist in estimating future maintenance costs to better predict the firm's profitability. Together, you have determined that the best cost driver for maintenance costs is machine hours. The data from the previous fiscal year for maintenance costs and machine hours follow: Month Maintenance Costs Machine Hours $2,625 2,670 1,499 1,590 1,605 2,720 2,822 2,855 3,005 1,655 1,775 5 1,880 6 2,865 2,905 1,785 7 1,805 1,695 8 2,780 9 1,410 2,570 10 1,550 11 2,590 1,425 12 2,890 23tLn o