At the high point of the relevant range, labour hours at Bronco Company were 12 500 and wages were $45 000. At the low point of the relevant range, labour hours were 9375 and wages were $35 000.

What is the slope coefficient per labour hour?

Select one:

1.

$8.40

2.

$6.40

3.

$3.20

4.

$0.80