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The following information is available for a company's cost of sales over the last four months. Cost of Month Units sold sales January 1,200
The following information is available for a company's cost of sales over the last four months. Cost of Month Units sold sales January 1,200 $43,000 February March April 800 $37,000 1,600 $49,000 2,400 $61,000 Use the high-low method to estimate the fixed and variable components of the cost of sales.
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