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Cost Behavior Cost Behavior High-Low High-Low Contribution Margin Income Statement Cover-to-Cover Shaded cells have feedback.X Shaded cells have feedback Biblio Files Company is the
Cost Behavior Cost Behavior High-Low High-Low Contribution Margin Income Statement Cover-to-Cover Shaded cells have feedback.X Shaded cells have feedback Biblio Files Company is the chief competitor of Cover-to-Cover Company in the bookshelf business. Biblio Files is analyzing its manufacturing costs, and has compiled the following data for the first six months of the year. After reviewing the data, answer questions (1) through (3) that follow. Number of Units Produced Total Cost January 4,360 $65,600 February 225 6,250 March 1,000 15,000 April 5,225 56.250 May 1,750 32.500 June 3,015 48,000 1. From the data previously provided, help Biblio Files Company estimate the fixed and variable portions of its total costs using the high-low method. Recall that Total Costs (Variable Cost Per Unit x Number of Units Produced) Fixed Cost. Complete the following table. Total Fixed Cost S Check My Work Variable Cost per Unit $10.00 Points: 1/2 Previous All work saved. Email Instructor Save and Exit Submit Assignment for Gra
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