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For Lodes Company, the relevant range of production is 40-80% of capacity. At 40% of capacity, a variable cost is $4,000 and a fixed cost

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For Lodes Company, the relevant range of production is 40-80% of capacity. At 40% of capacity, a variable cost is $4,000 and a fixed cost is $6,000 Explain the behavior of each cost within the relevant range assuming the behavior is linear. 1 . . . E 21 99 141 O Words)

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