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HIGH-LOW COST PROBLEM 2 - Show work! (19 points) Use the High-low Method to determine the following for Rising Star, Inc.'s administrative expenses. Based on
HIGH-LOW COST PROBLEM 2 - Show work! (19 points) Use the High-low Method to determine the following for Rising Star, Inc.'s administrative expenses. Based on an analysis of the company's operations, it was determined that the number of employees is related to administrative expenses. 394 Month Number of Employees January February 180 March 435 April 589 May 582 June 178 Costs Incurred $5,773.92 $2,890.11 $6,104.25 $8,003.50 $8,125.66 $3,297.55 What is the variable cost per employee? b) What are the fixed costs per month? c) What is the cost formula for the administrative expenses of Rising Star, Inc.? What is the total projected cost for a month in which there are 458 employees
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