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Given the following cost and activity observations for George Company's utilities, use the high-low method to calculate George's variable utilities costs per machine hour. Cost
Given the following cost and activity observations for George Company's utilities, use the high-low method to calculate George's variable utilities costs per machine hour.
Cost | Machine Hours | |
May | $16,500 | 105,000 |
June | 18,000 | 120,000 |
July | 16,000 | 100,000 |
August |
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