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ABC Company produces widgets and incurs the following total costs for the last three months: January: $10,000 (production: 1,000 units) February: $12,000 (production: 1,200 units)
ABC Company produces widgets and incurs the following total costs for the last three months:
- January: $10,000 (production: 1,000 units)
- February: $12,000 (production: 1,200 units)
- March: $11,000 (production: 1,100 units) Using the high-low method, estimate the variable cost per unit and the fixed cost.
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Managerial Accounting
Authors: Ray Garrison, Theresa Libby, Alan Webb
9th canadian edition
1259269477, 978-1259269479, 978-1259024900
