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Harbor Images has collected the following cost data for various levels of activity: a. Using the high-low method, determine the variable cost per image created
Harbor Images has collected the following cost data for various levels of activity: a. Using the high-low method, determine the variable cost per image created and the toal fixed cost. (Round your variable cost to 2 decimal places.) b. Estimate the total cost when 5,850 images are created. (Do not run your intermediate calculations.)
Harbor Images has collected the following cost data for various levels of activity Month August September October November Images Created 5,350 7,100 7,450 3,850 Total Cost $5,570 $ 6,190 $8,014 $ 4,990 a. Using the high-low method, determine the variable cost per image created and the total fixed cost. (Round your variable cost to 2 decimal places.) Variable Cost Fixed Cost Per Image Per Month b. Estimate the total costs when 5,850 images are created (Do not round your intermediate calculations.) Total CostsStep by Step Solution
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