The Miramichi Company uses the high-low method to estimate its cost function. The information for...

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Accounting

The Miramichi Company uses the high-low method to estimate its cost function. The information for the current year is provided below:
Machine-hours Costs
Highest observation of cost driver 2,000 $225,000
Lowest observation of cost driver 1,000 $125,000
What is the slope coefficient per machine-hour?
Question 7Select one:
a.
$12.50
b.
$125.00
c.
$100.00
d.
$0.50
e.
$10.00

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