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A company has determined that after reviewing their costs using the high-low method that the total costs of production was $120754 when the variable cost

A company has determined that after reviewing their costs using the high-low method that the total costs of production was $120754 when the variable cost per unit is $12 and the quantity produced was 7247.

Calculate the Fixed Cost. (You are advised that the cost behaviour pattern is linear i.e. could be represented using the formula Y=a+bx.)

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