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Using the high-low method, determine the fixed and variable costs in Assumption Companys cost structure from these data: Month Number of Units Costs July 3,000
Using the high-low method, determine the fixed and variable costs in Assumption Companys cost structure from these data:
Month Number of Units Costs
July 3,000 $14,000
August 4,000 16,000
September 6,000 20,000
Variable cost per unit ________ Fixed costs __________
Estimated cost to produce 3,700 units __________
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