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A manufacturing company recorded the following per quarter for last year: Quarter Machine hours Overhead Cost 1 4,200 $ 14,182 2 3,400 $ 12,070 3
A manufacturing company recorded the following per quarter for last year: Quarter Machine hours Overhead Cost 1 4,200 $ 14,182 2 3,400 $ 12,070 3 2,400 $ 9,178 4 2,600 $ 9,730 What is the variable cost per hour using the high-low method to estimate the cost equation?
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