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What is the variable cost per hour

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Question - Wallace Heating is attempting to estimate its costs of manufacturing heating ducts for the coming year using the high-low method. The cost driver is number of labor hours. Wallace determines that the high and low costs are $26,645 and $19,246, respectively, and the values for the cost driver are 3,964 and 2,452 hours, respectively. What is the variable cost per hour?

Reference no: EM132932826

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