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Farnor, Inc., would like to estimate the variable and fixed components of its electrical costs and has compiled the following data for the last four

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Farnor, Inc., would like to estimate the variable and fixed components of its electrical costs and has compiled the following data for the last four months of operations. Using the high-low method of analysis, the estimated fixed cost per month for electricity is closest to: $53.46 $0.00 $3.40 $48.00

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