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A mobile telephone network provider provides the following 6 month record of number of calls and related wage costs. Month No. of calls Wage costs
A mobile telephone network provider provides the following 6 month record of number of calls and related wage costs.
Month No. of calls Wage costs
July 11,200 $5,300
August 14,900 6,200
September 19,100 7,000
October 24,200 9,600
November 27,400 10,100
December 26,300 9,700
Required: Use the high low method to calculate total fixed cost and variable cost per unit for the 6 month period. [5 Points]
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