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Find what is the variable cost per hour

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Reference no: EM132536237

Wallace Heating is attempting to estimate its costs of manufacturing heating ducts for the coming year using the high-low method. The cost driver is number of labor hours. Wallace determines that the high and low costs are $25,970 and $18,474, respectively, and the values for the cost driver are 3,593 and 2,058 hours, respectively.

Question 1 : What is the variable cost per hour? (Round your answer to 2 decimal places.)

Reference no: EM132536237

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