Question: Black Co. uses the high-low method to derive the cost formula for overhead expenses. According to the cost formula, the variable cost per unit of

Black Co. uses the high-low method to derive the cost formula for overhead expenses. According to the cost formula, the variable cost per unit of activity is Php6.20 per machine hour. Total overhead expense at the high level of activity was Php70,680 and the low level of activity was Php67,890. Determine the level of activity of the low level if the high level of activity was 11,160 machine hours

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