The following information pertains to Picon Manufacturing for 2003 and 2004: Required: Using the high-low method, determine

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The following information pertains to Picon Manufacturing for 2003 and 2004:

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Required: Using the high-low method, determine the following:

a. The variable cost per purchase order.

b. The fixed cost of operating the purchasing department for one quarter.

c. The estimated cost of operating the purchasing department in 2005 assuming that 7,000 purchase orders will be issued.

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