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The following information is available for a company's utility cost for operating its machines over the last four months Month Machine hours Utility cost January

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The following information is available for a company's utility cost for operating its machines over the last four months Month Machine hours Utility cost January 940 $5,490 February 1,840 $6,980 March 2.480 $8,100 April 640 $3,900 Using the high-low method, the estimated variable cost per machine hour for utilities is: Multiple Choice $415 $3.27 $6.09 52 28 CEO

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