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Using the high-low method and the table below, estimate the cost formula for Manufacturing costs (a mixed cost) at Company X. Month January March
Using the high-low method and the table below, estimate the cost formula for Manufacturing costs (a mixed cost) at Company X. Month January March June Units Produced Manu. Cost 7,000 $80,000 10,000 $120,000 13,000 $140,000 9,000 $110,000 September In the following period, 11,000 units are produced. Using the formula you estimated, what Manufacturing cost should Company X expect for this period? Round your answer to the nearest cent.
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