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Quantum Company uses the high-low method to estimate the cost function. The information for 2020 is provided below: Highest observation of cost driver Lowest

Quantum Company uses the high-low method to estimate the cost function. The information for 2020 is provided below: Highest observation of cost driver Lowest observation of cost driver Machine-hours Labor Costs 1,000 $32,000 200 $16,000 What is the constant for the estimated cost equation? A. $20,000 B. $12,000 C. $32,000 D. $16,000

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