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Wuensch Inc., an escrow agent, has provided the following data concerning its office expenses: April....... Escrows Completed 53 Office Expenses $7,427 May.......... 94 $9,201 June.....
Wuensch Inc., an escrow agent, has provided the following data concerning its office expenses: April....... Escrows Completed 53 Office Expenses $7,427 May.......... 94 $9,201 June..... 37 $6,769 July ..... 87 $8,902 August.... 40 $6.875 September..... 38 $6,797 October..... 82 $8,681 $6,678 December..... $7,836 Time November .... 35 62 Management believes that office expense is a mixed cost that depends on the number of escrows completed. Note: Real estate purchases usually involve the services of an escrow agent that holds funds and prepares documents to complete the transaction. Using the high-low method, the estimate of the variable component of office expense per escrow completed is closest to: Select one: O a. $45.44 O b. $42.76 c. $88.22 O d. $131.00 tempt.php?attempt=2564232&cmid=3852847&page=4# manufacturing company has provided the following data for February
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