The Following Data Has Been Assembled for Groundhog Company The Variable Cost Per Hour Is:
A) $1

Multiple Choice

The following data has been assembled for Groundhog Company. Use the high- low method. $$\begin{array} { l l } \text { Cost } & \text { Hours } \\\$ 24,400 & 2,000 \\39,000 & 3,600 \\37,280 & 3,450 \\36,400 & 3,000 \\44,160 & 3,900\end{array}$$ The variable cost per hour is:

A) $1.52
B) $8.64
C) $1.84
D) $10.40