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Ajax uses the high-low method of estimating costs. Ajax had total costs of $49,000 at its lowest level of activity, when 5,600 units were sold.

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Ajax uses the high-low method of estimating costs. Ajax had total costs of $49,000 at its lowest level of activity, when 5,600 units were sold. When, at its highest level of activity, sales equaled 17,600 units, total costs were $82,600. Ajax would estimate fixed costs as: Multiple Choice $33,600 $33,320 $58,680 $131,600

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