Oriole, Inc., has collected the following information on its cost of electricity: Machine Hours Total...
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Oriole, Inc., has collected the following information on its cost of electricity: Machine Hours Total Electricity Costs January 500 $ 230 February 540 $ 320 March 350 $ 190 April 430 $ 220 May 650 $300 June 700 $ 330 July 320 $ 180 August 510 $ 260 September 230 $ 132 October 750 $360 November 850 $ 380 December 600 $ 340 Identify the high and low points. $ Machine Hours 0.4 $ 12 High point $ $ Low point sing the high-low method, compute the variable cost of electricity per machine hour. (Round unit cost to 2 decimal places, eg. 52.75) Variable costs 304 per machine hour
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