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Given the data below answer the questions. High-low method Evander Inc. has decided to use the high-low method to estimate the total cost and the
Given the data below answer the questions.
High-low method Evander Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced 1,365 2,220 3,465 Total Costs $234,360 281,490 364,560 a. Determine the variable cost per unit and the total fixed cost. Variable cost $ Total fixed cost $ b. Based on part (a), estimate the total cost for 1,740 units of production. Total cost for 1,740 units $
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Accounting
Authors: Carl s. warren, James m. reeve, Philip e. fess
21st Edition
978-0324400205, 324225016, 324188005, 324400209, 9780324225013, 978-0324188004
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