Using the high-low method to estimate the cost

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The Chambers Manufacturing Company recorded overhead costs of $16,468 at an activity level of 5,100 machine hours and $10,017 at 2,400 machine hours. The records also indicated that overhead of $10,078 was incurred at 3,050 machine hours. What is the variable cost per machine hour using the high-low method to estimate the cost? (Round your final answer to 2 decimal places.)

Reference no: EM13864678

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