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The following information is available for a company's cost of sales over the last five months. Month Units sold Cost of sales January 450 33,000
The following information is available for a company's cost of sales over the last five months.
Month | Units sold | Cost of sales |
January | 450 | 33,000 |
February | 850 | $39,500 |
March | 1,850 | $51,500 |
April | 2,650 | $63,500 |
Using the high-low method, the estimated total fixed cost is:
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