The following data has been assembled for Groundhog Company. Use the high- low method. $$\begin{array} { l l }
\text { Cost } & \text { Hours } \
\$ 24,400 & 2,000 \
39,000 & 3,600 \
37,280 & 3,450 \
36,400 & 3,000 \
44,160 & 3,900
\end{array}$$ The variable cost per hour is:
A) $1.52
B) $8.64
C) $1.84
D) $10.40

Question

The following data has been assembled for Groundhog Company. Use the high- low method. $$\begin{array} { l l } 
\text { Cost } & \text { Hours } \
\$ 24,400 & 2,000 \
39,000 & 3,600 \
37,280 & 3,450 \
36,400 & 3,000 \
44,160 & 3,900
\end{array}$$ The variable cost per hour is:
A) $1.52
B) $8.64
C) $1.84
D) $10.40

Quizplus · Accepted Answer

The Answer of The following data has been assembled for Groundhog Company. Use the high- low method. $$\begin{array} { l l } 
\text { Cost } & \text { Hours } \
\$ 24,400 & 2,000 \
39,000 & 3,600 \
37,280 & 3,450 \
36,400 & 3,000 \
44,160 & 3,900
\end{array}$$ The variable cost per hour is:
A) $1.52
B) $8.64
C) $1.84
D) $10.40

The Following Data Has Been Assembled for Groundhog Company The Variable Cost Per Hour Is: A) $1

The Following Data Has Been Assembled for Groundhog Company The Variable Cost Per Hour Is:
A) $1