The Following Data Has Been Assembled for Groundhog Company The Variable Cost Per Hour Is:
A) $1

question 42

Multiple Choice

The following data has been assembled for Groundhog Company. Use the high- low method. $$\begin{array} { l l } \text { Cost } & \text { Hours } \\\$ 24,400 & 2,000 \\39,000 & 3,600 \\37,280 & 3,450 \\36,400 & 3,000 \\44,160 & 3,900\end{array}$$ The variable cost per hour is:

• A) $1.52
• B) $8.64
• C) $1.84
• D) $10.40

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Definitions:

Poor People

Individuals or populations that live with insufficient material possessions or income to meet the minimum standard of living in their society.

Economic Conditions

The state of the economy at a certain time, including factors such as unemployment rates, inflation levels, and gross domestic product, which influence living standards and financial stability.

Job Loss

Job loss refers to the situation where an individual's employment is terminated or lost, which can have significant psychological and financial impacts.

Mental Disabilities

A range of conditions that affect mood, thinking, and behavior, which may impact day-to-day functioning and social interaction.