Question
Citrus uses the high low method to estimate that its fixed costs are 222,000. At its low level of activity, 111,000 units, average cost was
Citrus uses the high low method to estimate that its fixed costs are 222,000. At its low level of activity, 111,000 units, average cost was $3.30 per unit. What would Citrus predict its average cost per unit to be when production is 100,000. units?
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Fundamentals Of Advanced Accounting
Authors: Joe Hoyle
4th Edition
78136636, 978-0078136634
