High-low method OBJ. 1 The manufacturing costs of Lightfoot Industries for three months of the year follow:
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High-low method OBJ. 1 The manufacturing costs of Lightfoot Industries for three months of the year follow:
Total Costs Units Produced January $640,000 30,000 units February 900,000 40,000 March 350,000 12,500 Using the high-low method, determine
(a) the variable cost per unit and
(b) the total fixed cost.
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Related Book For 
Financial And Managerial Accounting
ISBN: 9781305267831,9781305267848
13th Edition
Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac
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