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High-low method; flexible budget Tijuana Tile has gathered the following information on its utility cost for the past six months. a. Using the high-low method,

image text in transcribed High-low method; flexible budget Tijuana Tile has gathered the following information on its utility cost for the past six months. a. Using the high-low method, determine the cost formula for utility cost. y=$+$perMH b. Prepare a flexible budget with separate variable and fixed categories for utility cost at 1,325, 1,500, and 1,675 machine hours

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