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Liberty Inc. has decided to use the high-low method to estimate costs. The data for various levels of production are as follows: Units Produced Total

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Liberty Inc. has decided to use the high-low method to estimate costs. The data for various levels of production are as follows: Units Produced Total Costs 2,090 $ 218,880 5,890 340,480 3,750 279,680 a. Determine the variable cost per unit and the fixed cost. Variable cost per unit Fixed cost b. Based on part (a), estimate the total cost for 2,870 units of production

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