The following four months of data were collected on utility cost and the number of...
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Accounting
The following four months of data were collected on utility cost and the number of labor hours in a factory.
Month Utility cost
Labor hours
January $115,550 7,540
February 106,782 6,900
March 105,400 6,840
April 110,112 7,150
What would be the estimate of electricity cost if the factory incurred 7,250 labor hours next month?
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