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A Company uses the high-low method of analysis, and has determined that the cost formula for total selling and administrative expense is Y = $22,000+

A Company uses the high-low method of analysis, and has determined that the cost formula for total selling and administrative expense is Y = $22,000+ $1.45X. If the company sold 5,000 units last month and expects to sell 5,200 units next month, the selling and administrative expense for next month would be estimated to be: O $29,280. O $29,700. O $29,540. $23,450

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