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Part A (8 marks) Silver Metals Ltd has presented the following information for the operations of its production department in the past eight months: Month
Part A (8 marks) Silver Metals Ltd has presented the following information for the operations of its production department in the past eight months: Month April May June July August September October November Units Produced 8,000 6,400 3,800 5,600 7,000 8,400 7,800 6,800 Total Manufacturing Overhead Cost $30,400 $25,800 $18,300 $23,200 $26.000 $29,800 $26,500 $25,700 G Question 2 Required: Using the high-low method, develop a cost equation by estimating the fixed cost per month and variable cost per unit, AND calculate the total overhead costs for a budgeted production of 5,000 units in the next month. (8 martot
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