Multiple Choice
Milano Company has an average overhead cost per hour of $10.50 at 3,500 machine hours, and at 3,000 hours it is $11.25. The company managers wish to estimate the overhead cost function. What is the variable overhead cost per machine hour?
A) $1.00
B) $2.00
C) $6.00
D) $8.00
Correct Answer:
Verified
Correct Answer:
Verified
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