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High-Low Cost Estimation The Stone Company has observed that its utility cost is 5000 when operating at a level of 20,000 machine hours per period.

High-Low Cost Estimation

The Stone Company has observed that its utility cost is 5000 when operating at a level of 20,000 machine hours per period. The utility cost drops to 4000 when the operating level drops to 15000 machine hours.

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Estimate the utility cost for an operating levl of 18000 machine hours

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