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Question 2 (Chapter 3): Use the high-low method to analyze Brookcette Pork's feed cost behaviour for the 2019 season. Month April May June July August
Question 2 (Chapter 3): Use the high-low method to analyze Brookcette Pork's feed cost behaviour for the 2019 season. Month April May June July August Total Feed Cost #of Hogs 325 5 575 15 500 375 7 300 4 12 (a) What is the variable feed cost per hog? (b) What is the fixed feed cost for each month? (c) Write a cost equation for monthly feed cost for 2019. (d) What would the feed cost have been if Brookcette were to have 20 hogs during the month of May? How much more would the feed cost be? (e) What would the feed cost have been in August if the fixed feed cost was $300
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