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MUST SHOW WORK! Part IL.A. (12 Points). The Hunter Company uses the high-low method to estimate the cost function. The information for 2016 is provided

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MUST SHOW WORK! Part IL.A. (12 Points). The Hunter Company uses the high-low method to estimate the cost function. The information for 2016 is provided below: Machine hours Labor Costs Highest observation of cost driver 400 $10,000 Lowest observation of cost driver 240 $ 6,800 a. Compute and show the cost function Y- b. What is the estimate of the total cost when 300 machine-hours are used

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