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Longreach Toy Factory has determined machine hours to be the cost driver of the company's electricity costs. During the rst six months of the year,

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Longreach Toy Factory has determined machine hours to be the cost driver of the company's electricity costs. During the rst six months of the year, the company incurred the following electricity costs: Electricity Cost Using the high-low method, the variable cost per machine hour is $6.56. What is the fixed cost? Round your answer to 2 dec places if required. Answer: x The correct answer is: 3337.5

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