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The following four months of data were collected on utility cost and the number of...

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Accounting

The following four months of data were collected on utility cost and the number of labor hours in a factory.

Month Utility cost

Labor hours

January $115,550 7,540

February 106,782 6,900

March 105,400 6,840

April 110,112 7,150

What would be the estimate of electricity cost if the factory incurred 7,250 labor hours next month?

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