Answer the following questions using the information below:
For Alice Company, labor-hours are 25,000 and wages $94,000 at the high point of the relevant range, and labor-hours are 15,000 and wages $70,000 at the low point of the relevant range.
-What is the slope coefficient per labor-hour?
A)$4.67
B)$3.76
C)$2.40
D)$0.42

Question

Quizplus · Accepted Answer

The slope coefficient per labor-hour is calculated by finding the change in wages divided by the change in labor-hours: ($94,000 - $70,000) / (25,000 - 15,000) = $24,000 / 10,000 = $2.40 per labor-hour.

Answer the Following Questions Using the Information Below