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CED MANAGERIAL ACCOUNTING-1 The Jordan Cempany uses the high-low method to estimate the cost function. The information for 2011 is provided below. Machine-hours Labor Costs

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CED MANAGERIAL ACCOUNTING-1 The Jordan Cempany uses the high-low method to estimate the cost function. The information for 2011 is provided below. Machine-hours Labor Costs Highest observation of cost driver 400 $20,000 Lowest observation of cost driver 240 $ 13,600 What is the slope coefficient per machine-hour? Select one a $56.66 b. 30.10 c. $40.00 d. $50.00 Next page ho

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