Portman Company's Activity for the First Three Months of 2019

question 89

Multiple Choice

Portman Company's activity for the first three months of 2019 are as follows: $\begin{array}{lll}&\text { Machine Hours}&\text { Electrical Cost }\\\text { January } & 2,100 & \$ 4,800 \\\text { February } & 2,600 & \$ 5,800 \\\text { March } & 2,900 & \$ 6,400\end{array}$ Using the high-low method, how much is the cost per machine hour?

• A) $2.00
• B) $3.00
• C) $2.26
• D) $1.78

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