(Answered) Problemat long co electricity cost starts with a minimum

Accounting

Problem

At Long Co. electricity cost starts with a minimum fixed cost, and after that, there is a perfectly variable expense. Using estimated machine hours:

Machine hours       Cost
50,000               $68,000
60,000               $80,000

What is the a) estimated variable cost per machine hour and what is the b) estimated TOTAL fixed cost?

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