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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