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Taunton Company uses the high-low method to estimate its cost function. The information for 2017 is provided below: Machine-hours Labor Costs Highest observation of cost

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Taunton Company uses the high-low method to estimate its cost function. The information for 2017 is provided below: Machine-hours Labor Costs Highest observation of cost driver 1,500 $255,000 Lowest observation of cost driver 1.000 $210,000 What is the estimated total cost when 1.000 machine-hours are used? $170,000 $210,000 $425,000 $420,000

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