The Following Data Has Been Assembled for Mildred Company The Variable Cost Per Hour Is ________

question 102

Multiple Choice

The following data has been assembled for Mildred Company.Use the high-low method.
$\begin{array}{lll}\text { Month }&\text { Cost }&\text { Hours }\\\text { January } & \$ 18,000 & 2,000 \\\text { February } & \$ 39,000 & 3,500 \\\text { March } & \$ 39,280 & 3,450 \\\text { April } & \$ 43,400 & 3,200 \\\text { May } & \$ 40,000 & 4,000\end{array}$
The variable cost per hour is ________.

• A) $9.00
• B) $10.00
• C) $10.40
• D) $11.00

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Definitions:

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions—to oneself and others, and to understand that others have beliefs and perspectives different from one's own.

Developmental Stage Theory

A concept in psychology that divides human growth into stages, with each stage characterized by unique psychological and behavioral patterns.

Jean Piaget

A Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development that describes how children construct a mental model of the world.

Lawrence Kohlberg

A psychologist best known for his theory of stages of moral development, which suggests that an individual's moral reasoning develops through a series of stages.