The following information is available for a company's maintenance cost over the last seven months.
Month Maintenance Hours Maintenance Cost
June 11 $ 5,050
July 17 6,850
August 13 5,650
September 16 6,550
October 22 8,350
November 25 9,250
December 7 3,850
Using the high-low method, estimate both the fixed and variable components of its maintenance cost.
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