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Oriole, Inc., has collected the following information on its cost of electricity: Identify the high and low points. Using the high-low method, compute the variable
Oriole, Inc., has collected the following information on its cost of electricity: Identify the high and low points. Using the high-low method, compute the variable cost of electricity per machine hour. (Round unit cost to 2 decimal places, e.g. 52.75.) Variable cost $ per machine hour Compute the total fixed cost of electricity. (Round answer to 2 decimal places, e.g. 52.75.) Fixed cost $ eTextbook and Media Attempts: 0 of 5 (c) Represent the electricity cost function in equation form. (Round answers to 2 decimal places, e.g. 52.75.) Total cost =$ MH+$ What is the expected electricity cost when 730 machine hours are used? (Round answer to 2 decimal places, e.g. 52.75.) Total cost $
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