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Following the previous question, is the high-low method appropriate to estimate the cost behavior if this company has 100,000 data points (lines of data in
Following the previous question, is the high-low method appropriate to estimate the cost behavior if this company has 100,000 data points (lines of data in the table)? Why?
A company has recorded the following information: Wunder of cavities Total Cast Falled Month January February March April hay June July August September 475 575 350 25 675 sce 460 625 650 456 Cost 55,750 6,250 5,200 6,500 5,650 5,258 6,200 6.000 5,458 Required: 1. Use the high-aw method to estimate total fixed cost and variable cost per unit 2. Using these estimates, calculate the total cost for 550 units. Complete this question by entering your answers in the tabs below. Required: Required 2 Use the high-low method to estimate total fixed cost and variable cost per unit. (Round your Variable cost per unit to z dedmal placas) Fixed Cost Variable Cost per un 5 3 38.000 4.00Step by Step Solution
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