Question: IMPORTANT: Please show your work for this problem by handwriting any supporting calculations on your own paper and submitting it after the test is over.
IMPORTANT: Please show your work for this problem by handwriting any supporting calculations on your own paper and submitting it after the test is over. Label your work with the question number Clayton Construction Co. occasionally has to rent a crane to complete a client's project. Help the owner understand these costs by analyzing the company's last six months of crane rental cost using the high-low method Month January February March April May June Crane Operating Hours 40 44 42 45 37 35 Crane Rental Cost $2.580 $2,880 $2.700 $2.800 $2.760 $2.400 What is the variable cost per hour to rent a crano? per hour What is the monthly fixed cost to rent a crane? What is Clayton Construction Co.'s monthly cost equation for crane rental? TC
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