Wallace Heating is attempting to estimate the production cost for heating ducts for the coming...
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Accounting
Wallace Heating is attempting to estimate the production cost for heating ducts for the coming year using the high-low method. The cost driver is number of labor-hours. Wallace determines that the high and low costs are $25,796 and $18,295, respectively, and the values for the cost driver are 3,502 and 1,970 hours, respectively. What is the variable cost per hour?
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