Question: I need assistance with this general accounting question using appropriate principles. Ridgefield Tools Inc. recorded overhead costs of $18,200 at an activity level of 5,000

I need assistance with this general accounting question using appropriate principles.

Ridgefield Tools Inc. recorded overhead costs of $18,200 at an activity level of 5,000 machine hours and $12,100 at 3,000 machine hours. The records also indicated that an overhead of $13,750 was incurred at 3,500 machine hours. What is the variable cost per machine hour using the high-low method to estimate the cost

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