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Please answer as soon as you can. A sincere answer would be rated positive instantly. Thank you Q1: The following information relating to production and
Please answer as soon as you can. A sincere answer would be rated positive instantly. Thank you
Q1: The following information relating to production and mixed costs are extracted from the book of Abdur Rahman's manufacturing firm: Months Production (units) Mixed costs January 6,800 $31,580 February 6,400 $30,240 March 7,200 $32,740 April 8,000 $35,060 May 6,600 $31,000 June 7,000 $32,160 Required: a) Using the high and low method, estimate the variable cost per unit and fixed costs elements from the above information. [ 3 Marks ] b) Express the variable and fixed costs in the form Y=a+bx . [ 1 Mark ] c) What will be the mixed cost of production 7,500 units for the month of July? [ 1 Mark]Step by Step Solution
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