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The data below have been taken from the cost records of the PictureMe Company and company that transfers photographs to DVDs. The data relate to
The data below have been taken from the cost records of the PictureMe Company and company that transfers photographs to DVDs. The data relate to the cost of operating the Denver processing facilities at various levels of activity earlier this year: Week. Total Photos Processed Cost Beginning $16,000 2/2 8,000 2/9 $10,000 4,500 $12,500 7,000 2/16 $15,500 2/23 10,000 3/2 $7,000 3,750 $12,500 3/9 6,000 $8,500 3/16 3,000 $11,500 5,000 3/23 1) Using the high low method, what is the approximate monthly fixed cost? The approximate variable cost per unit processed? Give the model that predicts cost appropriately label the variables. What would you expect total fixed costs to be with 5,600 books processed? What would you expect total variable costs to be with 5,600 books processed? What would you expect total costs to be with 5,600 books processed
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