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What is the total cost for four-hundred hours

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The Mix Company uses the high-low method to estimate the cost function. The information for 2016 is provided below:

                                                               Machine-hours          Labor costs
Highest observation of cost driver      600                           P10,800
Lowest observation of cost driver          120                           2,160

Problem 1: What is the total cost for 400 hours?

Reference no: EM132838679

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