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Runaround Corporation sells running shoes and during January they ran production machines for 22,000 hours...

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Accounting

Runaround Corporation sells running shoes and during January they ran production machines for 22,000 hours total and incurred $ 10,000 in maintenance costs. During July they ran production machines for 14,000 hours total and incurred $ 7,400 in maintenance costs. Based on this data, what is the variable maintenance cost per machine hour?

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\table[[Account Title,Debit,Credit],[Cash,$18,000,],[Supplies,11,800,],[Prepaid insurance,2,000,],[Equipment,23,000,],[Accumulated depreciation-Equipment,,$6,500 \table[[Number,Account Title,Debit,Credit],[101,Cash,$18,000,],[126,Supplies,11,800,],[128,Prepaid insurance,2,000,],[167,Equipment,23,000,],[168,Accumulated depreciation-Equipment,,$ 6,500],[307,Common stock,,1,582],[318,Retained earnings,,41,600],[319,Dividends,6,000,],[403,Services revenue,,47,760],[612,Depreciation...

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