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Chapter 6 (Part 1) -In class problem: High-Low method & Applications of CVP Concepts 1. Using the following data, apply the high-low method of cost analysis to the three cost data groups: Volume Adams Brown Crawford 4,000 $8,500 $5,000 $14,000 6,000 $13,000 $11,000 $14,000 13,000 $20,000 $19,000 $14,000 30,000 $28,000 $37,500 $14,000 What cost behavior patterns are apparent for each group (Is it a variable, fixed or mixed pattern)? What is the cost formula for each group? Cost Formula: Adams: Brown: Crawford