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Morrow Company uses the high-low method to estimate its cost function. The information for 2020 is provided below: Machine-hours Costs Highest observation of cost driver

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Morrow Company uses the high-low method to estimate its cost function. The information for 2020 is provided below: Machine-hours Costs Highest observation of cost driver 2,500 $300,000 Lowest observation of cost driver 1.500 $ 220.000 What is the constant for the estimated cost equation? $300,000 $0 $220,000 $100,000

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