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Calculate the variable cost per unit and fixed cost component for General Electric Co. using the high-low method based on the following production and cost

  1. Calculate the variable cost per unit and fixed cost component for General Electric Co. using the high-low method based on the following production and cost data:
    • January: 1,000 units produced, $5,000 total cost
    • February: 1,500 units produced, $7,000 total cost

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