Question: Slonaker Inc. has provided the following data concerning its maintenance costs: Machine-Hours Maintenance Cost April 5,799 $30,379 May 5,782 $30,289 June 5,764 $30,237 July 5,761
Slonaker Inc. has provided the following data concerning its maintenance costs:
| Machine-Hours | Maintenance Cost | |
| April | 5,799 | $30,379 |
| May | 5,782 | $30,289 |
| June | 5,764 | $30,237 |
| July | 5,761 | $30,233 |
| August | 5,717 | $30,078 |
| September | 5,795 | $30,360 |
| October | 5,809 | $30,388 |
| November | 5,801 | $30,378 |
| December | 5,785 | $30,318 |
| Management believes that maintenance cost is a mixed cost that depends on machine-hours. |
| Required: |
| Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) |
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