Scatter Chart Selection. Which of the following scatter charts is the appropriate one to use in determining
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Scatter Chart Selection. Which of the following scatter charts is the appropriate one to use in determining the base assumed to cause the variable element of the mixed cost?
22 High-Low Points Method. A company has determined the high and low points of yearly activity and cost for one of its mixed costs as follows: High month Low month Total Activity (Hours) Total Cost 20,000 $68,000 5,000 23,000 Determine the fixed cost per month and the variable rate.
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