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Hi people, I need help in the question no. 3. Please explain to me and show me the answer how it works. I can't solve
Hi people,
I need help in the question no. 3.
Please explain to me and show me the answer how it works. I can't solve and i don't get it yet.
Identify each of the company's expenses (including cost of goods sold) as either variable, fixed, or mixed. Using the high-low method, separate each mixed expense into variable and fixed elements. State the cost formula for each mixed expense. (Enter mixed expenses in the order of company expenses provided under question.) Redo the company's income statement at the 5,100-unit level of activity using the contribution format. (Input all amount as positive values except losses which should be indicated by a minus sign.) Identify each of the company's expenses (including cost of goods sold) as either variable, fixed, or mixed. Using the high-low method, separate each mixed expense into variable and fixed elements. State the cost formula for each mixed expense. (Enter mixed expenses in the order of company expenses provided under question.) Redo the company's income statement at the 5,100-unit level of activity using the contribution format. (Input all amount as positive values except losses which should be indicated by a minus sign.)Step by Step Solution
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