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Using the high - low method produces a cost formula for expressing the total of a mixed cost at any level of activity, which is:

Using the high

-

low method produces a cost formula for expressing the total of a mixed cost at any level of activity, which is:

Total cost

=

Fixed cost

Variable rate

Total cost

=

Fixed cost

+

Variable cost

Total cost

=

Fixed cost

Volume of activity

Total cost

=

Fixed cost

-

Variable cost

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