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The Rexburg Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Mortise has heard
The Rexburg Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Mortise has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation (Click the icon to view the assembled data) Read the requirements 1 Data Table Requirement a. What is the slope coefficient? The slope coefficient is $ Month S Cost 37.100 35,600 Hours 3,100 2,500 January February March April 33,380 35,100 2,800 3,000 May 68,100 42,100 5,000 3,750 June Print Done
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