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Lakeside, Inc. plans to produce 33,000 units in the month of January which is within their relevant range. They wish to determine the total expected
Lakeside, Inc. plans to produce 33,000 units in the month of January which is within their relevant range. They wish to determine the total expected production costs for January using the high-low method. The following historical data conceming production activity and costs for a six-month period are available for your analysis:
Units Produced 4,000 7,000 9,000 13,000 15,000 20,000 Costs $8,000 $15,000 $22,000 $29,000 $32,000 $36,000 What is the expected total cost associated with January? O a. $60,750 O b. $58,750 O c. $57,750 O d. $33,000 Step by Step Solution
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