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4 The following information is available for a company's utility cost for operating its machines over the last four months. Month January Machine hours
4 The following information is available for a company's utility cost for operating its machines over the last four months. Month January Machine hours 1,080 February 1,980 00:57:25 March 2,760 April 780 Ask Utility cost $5,630 $7,260 $8,100 $3,960 Using the high-low method, the estimated variable cost per machine hour for utilities is: Multiple Choice $2.93. $5.08. $2.09. $3.78.
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
5th Canadian edition
9781259105692, 978-1259103285
