Question: Data concerning Crane Companys activity for the first three months are shown below. Month Machine Hours Repair Cost January 4,200 $3,300 February 5,000 3,724 March

Data concerning Crane Companys activity for the first three months are shown below.

Month	Machine Hours	Repair Cost
January	4,200	$3,300
February	5,000	3,724
March	3,800	3,100

Using the high-low method of analysis, determine the estimated variable cost per machine hour and the total fixed cost. (Round answer to 2 decimal places, e.g. 52.75.)

Total Fixed Cost
Variable Cost Per Machine Hour		$enter a varaible cost per machine hour in dollar rounded to 2 decimal places

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