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The high-low method is the most basic method used for analyzing mixed costs. The purpose of this analysis is to estimate the fixed and variable
The high-low method is the most basic method used for analyzing mixed costs. The purpose of this analysis is to estimate the fixed and variable cost components of mixed costs by comparing mixed costs at different levels along the relevant range for the appropriate activity base. Conduct a cost analysis for the following business using the high-low method.
The following table contains data for Magnuson Consulting, a strategic consulting firm.
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