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X Company determined the following monthly cost formula using the high-low method for semivariable cost, Total Cost = $2.00 per machine hour + $30,000 per
X Company determined the following monthly cost formula using the high-low method for semivariable cost,
Total Cost = $2.00 per machine hour + $30,000 per month
Compute the variable cost component for a month with 20,000 machine hours. Do not enter dollar signs or commas. For example, enter $10,000 as 10000:
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