ACCOUNTING
Multiple Choice
For Carroll Company, labor-hours are 12,500 and wages $47,000 at the high point of the relevant range, and labor-hours are 7,500 and wages $35,000 at the low point of the relevant range.
What is the slope coefficient per labor-hour?
a. $4.67
b. $3.76
c. $2.40
d. $0.42
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