Question: Can you solve this general accounting problem using appropriate accounting principles? Uptown Systems uses the high-low method to determine its cost equation. The following information

Can you solve this general accounting problem using appropriate accounting principles?

Can you solve this general accounting problem
Uptown Systems uses the high-low method to determine its cost equation. The following information was gathered for the past year: Machine Direct Labor Hours Costs Busiest month 21,600 $1,020,000 (August) Slowest month $840,000 (February) If Uptown expects to use 16,500 machine hours next month, what are the estimated direct labor costs? (Round your answer to the nearest Dollar)

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