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Question 5(4 points) The Hunter Company uses the high-low method to estimate the cost function. The information for 20X5 is provided below: What is the

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Question 5(4 points) The Hunter Company uses the high-low method to estimate the cost function. The information for 20X5 is provided below: What is the estimate of the total cost when 300 machine-hours are used? Machine- hours Labor Costs Highest observation of cost driver 400 $10,000 Lowest observation of cost driver240 $ 6,800 $6.000 $4,000 $2.000 $8,000

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