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Smith Company manufactures handbags. The high output occurred in May, with 700 units produced at a total cost of $9,000. The low output was in
Smith Company manufactures handbags. The high output occurred in May, with 700 units produced at a total cost of $9,000. The low output was in January, with 400 units produced at a total cost of $4,200. Determine the fixed cost by using the high and low points
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