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Using the data below, compute the variable and fixed cost elements using the high-low method. Show all calculations and clearly label the variable cost component
- Using the data below, compute the variable and fixed cost elements using the high-low method. Show all calculations and clearly label the variable cost component and the fixed cost component of the mixed cost.
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| Units Produced | Total Cost |
| July | 18,000 | $32,000 |
| August | 32,000 | 53,000 |
| September | 36,000 | 59,000 |
| October | 22,000 | 38,000 |
| November | 40,000 | 65,000 |
| December | 38,000 | 62,000 |
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Cost Accounting A Managerial Emphasis International
Authors: Charles T. Horngren, Srikant M. Datar, George Foster
11th Edition
8120323548, 978-8120323544
