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Holly Co uses the high-low method. It had an average cost per unit of $10 at its lowest level of activity when sales equaled 15,000
Holly Co uses the high-low method. It had an average cost per unit of $10 at its lowest level of activity when sales equaled 15,000 units and an average cost per unit of $6.00 at its highest level of activity when sales equaled 30,000 units. Holly would estimate fixed costs as:
a) $8
b) $150,000
c) $120,000
d) $16
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