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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 980 $5,530 February 1,880 $7,866 March 2,560 58,100 April 680 54,200 Using the high-low method, the estimated variable cost per unit for utilities is Multiple Choice $316 $6.18 5443

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