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Sanders Bears produces stuffed animals. Sanders is in the process of implementing a cost forecasting system using the high-low method. The variable cost per animal
Sanders Bears produces stuffed animals. Sanders is in the process of implementing a cost forecasting system using the high-low method. The variable cost per animal is $4 and the high and low costs used are $206,800 for 47,100 animals and $133,600 for 28,800 animals. What is the value of the fixed cost for the cost estimating equation?
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