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PROBLEMI Use the following information to answer questions and A company provides the following information about the total amount of a mixed cost for each
PROBLEMI Use the following information to answer questions and A company provides the following information about the total amount of a mixed cost for each month along with the number of units produced in each month Month Cost Units produced January 5580,000 50.000 February $660,000 60.000 March $550,000 45,000 April $720,000 65.000 May $540,000 46.000 a. Using the high-low method of cost estimation, what is the variable cost per unit? b. Using the high-low method of cost estimation, what is the fixed cost in total
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