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1. Given the following cost and activity observations for Downey Company's utilities. Cost March April May June $11,100 10,800 12,600 19,200 Machine Hours 18,000 13,000

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1. Given the following cost and activity observations for Downey Company's utilities. Cost March April May June $11,100 10,800 12,600 19,200 Machine Hours 18,000 13,000 21,000 29,000 Use the high-low method to calculate Downey's variable utilities cost per machine hour. Round to the nearest cent

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