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song inc. uses the high-low method to analyze cost behavior. The company observed that at...

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Accounting

song inc. uses the high-low method to analyze cost behavior. The company observed that at 22,000 machine hours of activity, total maintenance costs averaged $33.40 per hour. When activity jumped to 25,000 machine hours, which was still within the relevant range, the average total cost per machine hour was 30.40. On the basis of this information, the variable cost per machine hour was?

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