Lancer Audio produces a high-end DVD player that sells for $1,300.Total operating expenses for the past 12
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Required
a. Use the high-low method to estimate fixed and variable costs.
b. Based on these estimates, calculate the break-even level of sales in units. (Round to the nearest whole unit.)
c. Calculate the margin of safety for the coming August assuming estimated sales of 165 units.
d. Estimate total profit assuming production and sales of 165 units.
e. Comment on the limitations of the high-low method in estimating costs for LancerAudio.
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a Production Cost High 170 143910 Low 130 116990 40 26...View the full answer
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