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Raslan Company is attempting to develop the cost function for total costs. The following past data are available: Units Total Costs 4,800 $6,385 3,400 4,585
Raslan Company is attempting to develop the cost function for total costs. The following past data are available:
Units Total Costs
4,800 $6,385
3,400 4,585
4,000 5,285
5,900 7,085
Using the high-low method, what is the variable cost per unit?
1. $0.15
2. $5.00
3. $4.00
4. $1.00
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