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The following information regarding the total overhead of acompany for a 4 month period:

                                                         machine hrs      manufacturing overhead

Jan.....................................................5,500                       $ 311,500
Feb....................................................3,200                          224,000
Mar....................................................4,900                          263,800
Apr....................................................2,800                           184,600

Use the high-low method to determine:

a. The variable element of manufacturing overhead costs per machine hour.

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  • Category:- Accounting Basics
  • Reference No.:- M9796662

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