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The town of Jim Thorpe, Pennsylvania operates a scenic railway business for tourists. The town is trying to create a cost function for labor costs,
The town of Jim Thorpe, Pennsylvania operates a scenic railway business for tourists. The town is trying to create a cost function for labor costs, which has been identified as a mixed cost, associated with operating the railway. The following data has been gathered related to the labor costs and two possible cost drivers, the number of trips and gross ticket revenues by month. Using the high-low method, determine the following (a1) Your answer is incorrect. The cost function for labor costs using Number of Trips as a cost driver. (Round variable cost to 0 decimal places, e.g. 5275.) Total Labor Cost $ (#oftrips)+$
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