The following data has been assembled for Lion Company.Use the high-low method. $$\begin{array} { r l }
{ \text { Cost } } & \text { Hours } \
\$ 24,400 & 2,000 \
39,000 & 3,500 \
39,280 & 3,450 \
43,400 & 3,200 \
44,160 & 3,900
\end{array}$$ The variable cost per hour is _____.
A)$1.52
B)$1.84
C)$10.40
D)$8.64

Question

The following data has been assembled for Lion Company.Use the high-low method. $$\begin{array} { r l } 
 { \text { Cost } } & \text { Hours } \
\$ 24,400 & 2,000 \
39,000 & 3,500 \
39,280 & 3,450 \
43,400 & 3,200 \
44,160 & 3,900
\end{array}$$ The variable cost per hour is _____.
A)$1.52
B)$1.84
C)$10.40
D)$8.64

Quizplus · Accepted Answer

The Answer of The following data has been assembled for Lion Company.Use the high-low method. $$\begin{array} { r l } 
 { \text { Cost } } & \text { Hours } \
\$ 24,400 & 2,000 \
39,000 & 3,500 \
39,280 & 3,450 \
43,400 & 3,200 \
44,160 & 3,900
\end{array}$$ The variable cost per hour is _____.
A)$1.52
B)$1.84
C)$10.40
D)$8.64

The Following Data Has Been Assembled for Lion Company The Variable Cost Per Hour Is _____