Using the High-Low Method, If the Highest Maintenance Cost and Machine

question 11

Multiple Choice

Using the high-low method, if the highest maintenance cost and machine hours are $40 000 and 12 000 hours respectively and the lowest maintenance cost and machine hours are $20 000 and 8 000 hours respectively, the variable maintenance costs per machine hour are:

• A) $3.33
• B) $5.00
• C) $2.50
• D) $3.00

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