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The following information is available for a company’s maintenance cost over the last seven months. Using the high-low method, estimate both the fixed and variable components of its maintenance cost.

Month     Maintenance Hours     Maintenance    Cost
June…………………….     20     $6,020
July…………………….     48     8,100
August…………………     24     5,100
September……………..     38     7,000
October………………..     42     6,900
November……………..     36     6,900
December……………..     12     3,600

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