Question: Illinois Company is attempting to develop the cost function for repair costs. The following past data are available: Machine Hours Repair Costs 2,400 $6,385 1,200

Illinois Company is attempting to develop the cost function for repair costs. The following past data are available: Machine Hours Repair Costs 2,400 $6,385 1,200 $3,480 2,000 $5,285 3,400 $8,980 Using the high-low method, what is the Fixed repair ?

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