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The Tamworth Company uses the high-low method to estimate the cost function. The information for 2014 is provided below: Machine -hours Labour Costs Highest observation

The Tamworth Company uses the high-low method to estimate the cost function. The information for 2014 is provided below: Machine-hours Labour Costs Highest observation of cost driver 800 $20 000 Lowest observation of cost driver 480 $13 600 What is the slope coefficient (variable cost) per machine-hour?

Select one:

A. $0.05

B. $25.00

C. $20.00

D. $28.33

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