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41. Required Information The following information applies to the questions displayed below.] Song, Inc., uses the high-low method to analyze cost behavior. The company observed
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Required Information The following information applies to the questions displayed below.] Song, Inc., uses the high-low method to analyze cost behavior. The company observed that at 20,000 machine hours of activity, total maintenance costs averaged $33.90 per hour. When activity jumped to 27,000 machine hours, which was still within the relevant range, the average total cost per machine hour was $26.90. On the basis of this Information, what were total maintenance costs when the company experienced 24,000 machine hours? (Round your Multiple Choice $165,600 $705,600 $722,400. $697,200 $540,000Step by Step Solution
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