While using high low method, the number of units are the independent variable and the resulting costs are the dependent variable Independent variable is the cause while costs incurred are the effect True False 2 points QUESTION 6 Gambino Corporation is a wholesaler that sells a single product Management has provided the following cost data for two levels of monthly sales volume The company sells the product for $138 80 per unit Sales volume (units) 6,000 7,000 Cost of sales $369,000 $430,500 Selling and administrative costs $407,400 $418,600 the cost of sales is a variable cost True False

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While using high low method, the number of units are the independent variable and the resulting costs are the dependent variable  Independent variable is the cause while costs incurred are the effect  True False 2 points QUESTION 6 Gambino Corporation is a wholesaler that sells a single product  Management has provided the following cost data for two levels of monthly sales volume  The company sells the product for $138 80 per unit  Sales volume (units) 6,000 7,000 Cost of sales $369,000 $430,500 Selling and administrative costs $407,400 $418,600 the cost of sales is a variable cost  True False

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While using high-low method, the number of units are the independent variable and the resulting costs are the dependent variable. Independent variable is the cause

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Sales volume (units)	6,000	7,000
Cost of sales	$369,000	$430,500
Selling and administrative costs	$407,400	$418,600