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Handy Hiking produces backpacks. In the previous year, its highest and lowest production levels occurred in July and January, respectively. In July, it produced
Handy Hiking produces backpacks. In the previous year, its highest and lowest production levels occurred in July and January, respectively. In July, it produced 5,600 backpacks at a total cost of $192,250. In January, it produced 4,100 backpacks at a total cost of $95,500. Using the high/low method, the average variable cost per of producing a backpack was: Multiple Choice $34.33 $130.25 $129.38 $64.50
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