Question: Captain Co. used the high/low method to derive the cost formula for electrical power cost. According to the cost formula, the variable cost per unit

Captain Co. used the high/low method to derive the cost formula for electrical power cost. According to the cost formula, the variable cost per unit of activity is $3 per machine hour. Total electrical power cost at the high level of activity was $7,600 and was $7,300 at the low level of activity. The high level of activity was 1,200 machine hours.

Required
Calculate the low level of activity.

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