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Business, 06.05.2021 16:30 Anthonyc123

The following information is available for a company's utility cost for operating its machines over the last four months. MonthMachine hours Utility cost January1,000 $6,000 February1,900 $7,100 March2,600 $8,100 April700 $4,350 Using the high-low method, the estimated variable cost per machine hour for utilities is: Multiple Choice $1.97. $5.50. $3.12. $6.21. $4.12.

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