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The Crater Manufacturing Company recorded overhead costs of $14,272 at an activity level of 4,650 machine hours and $8,622 at 2,390 machine hours. The records

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The Crater Manufacturing Company recorded overhead costs of $14,272 at an activity level of 4,650 machine hours and $8,622 at 2,390 machine hours. The records also indicated that overhead of $9,775 was incurred at 2,690 machine hours. What is the variable cost per machine hour using the high-low method to estimate the cost equation? Multiple Choice $3.63 $2.50. $3.07. $2.29

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