The following information is available for a company's utility cost for operating its machines over the last four months.
Month Machine hours Utility cost
January 1,020 $6,570
February 1,920 $7,140
March 2,640 $8,100
April 720 $4,500
Using the high-low method, the estimated variable cost per machine hour for utilities is:
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The following information is available for a company's utility cost for operating its machines over...
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