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(Chapter 10) Quantum Company uses the high-low method to estimate the cost function. The information for 2017 is provided below: Machine hours Labor costs 900

(Chapter 10) Quantum Company uses the high-low method to estimate the cost function. The information for 2017 is provided below: Machine hours Labor costs 900 $36,000 Highest observation of cost driver Lowest observation of cost driver 100 $14,000 What is the estimated total cost when 450 machine-hours are used

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