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2.Lawson Lumber uses the highlow method to estimate utility cost, which varies in relation to machine hours. Based on the following data, how would the
2.Lawson Lumber uses the highlow method to estimate utility cost, which varies in relation to machine hours. Based on the following data, how would the cost function be stated if X is the number of machine hours, assuming that the relevant range is between 300 to 1,000 machines hours? Month Utility Expense Machine Hours Jan $ 700 800 Feb $ 500 400 Mar $ 750 900 Apr $ 610 500 May $ 650 550
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