Duncan Corporation has the following data for use of its machinery Month Usage Cost Jun 600 $750 Jul 650 775 Aug 420 550 Sept 500 650 Oct 450 570
Refer to Duncan Corporation. Using the high-low method, compute the variable cost element.
a. $1.19
b. $1.02
c. $1.31
d. $.98

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The correct answer for the above question is (d) the additional benefit from consuming one more unit;