Answer the following questions using the information below:
For Echuca Company,labour-hours are 50 000 and wages $188 000 at the high point of the relevant range,and labour-hours are 30 000 and wages $140 000 at the low point of the relevant range.
-What is the slope coefficient per labour-hour?
A)$3.76
B)$0.42
C)$2.40
D)$4.67

Question

Quizplus · Accepted Answer

The slope coefficient per labour-hour is calculated by finding the change in wages divided by the change in labour-hours: ($188,000 - $140,000) / (50,000 - 30,000) = $48,000 / 20,000 = $2.40 per labour-hour.

Answer the Following Questions Using the Information Below