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The following information is available regarding the total manufacturing overhead of Olsen Company for a recent four-month period. Machine Hours Manufacturing Overhead April 72,000 $

The following information is available regarding the total manufacturing overhead of Olsen Company for a recent four-month period. Machine Hours Manufacturing Overhead April 72,000 $ 177,000 May 50,000 $ 160,000 June July 106,000 $ 227,200 102,000 $ 188,000 Using the high-low method, compute the fixed element of Olsen's monthly overhead cost

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