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At an activity level of 9,300 machine-hours in a month, Falks Corporation's total variable production engineering cost is $766,320 and its total fixed production engineering cost is $191,040. What would be the total production engineering cost per machine-hour, both fixed and variable, at an activity level of 9,600 machine-hours in a month? Assume that this level of activity is within the relevant range. (Round intermediate calculations to 2 decimal places.)
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A financial metric that represents the price at which an asset would be bought or sold in an orderly transaction between market participants at the measurement date.
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