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The highest and lowest levels of activity for the Felton Company were 58,000 direct labor...

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Accounting

The highest and lowest levels of activity for the Felton Company were 58,000 direct labor hours and 42,000 direct labor hours, respectively. Maintenance costs were $420,000 at the 58,000-hour level and $380,000 at the 42,000-hour level. Compute the maintenance cost formula.

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