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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 60,000 $

The following information is available regarding the total manufacturing overhead of Olsen Company for a recent four-month period. Machine Hours Manufacturing Overhead April 60,000 $ 171,000 May 50,000 $ 154,000 June 100,000 $ 199,000 July 96,000 $ 182,000 Using the high-low method, compute the fixed element of Olsen's monthly overhead cost

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