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Data concerning Nelson Company's activity for the first six months of the year appear below: Based on the high-low method, the estimated variable cost per
Data concerning Nelson Company's activity for the first six months of the year appear below: Based on the high-low method, the estimated variable cost per machine hour is:
Month | Machine Hours (X) | Electrical Cost (Y) |
January | 4,000 | $3,120 |
February | 6,000 | $4,460 |
March | 4,800 | $3,500 |
April | 3,800 | $2,850 |
May | 3,600 | $2,900 |
June | 4,200 | $3,200 |
A. | $0.709 | |
B. | $0.671 | |
C. | $0.732 | |
D. | $0.650 |
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