Question
Lansing Inc. uses the high-low method of estimating costs. Lansing had total costs of $239,835 at its lowest level of activity, when 15,900 units were
Lansing Inc. uses the high-low method of estimating costs. Lansing had total costs of $239,835 at its lowest level of activity, when 15,900 units were sold. At its highest level of activity, sales equaled 21,600 units and total costs were $390,600.
Lansing would estimate variable cost per unit as __________:
Multiple Choice
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$26.45
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$15.08
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$16.81
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$18.08
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
