Knicks'N'Knacks produced 15,000 units in June at a cost of $39,250 In July, they produced 14,000 units
Question:
Using the High-Low Method, what is Knicks'N'Knacks variable cost (per unit)?
a) $0.20
b) $5.00
c) $1.75
d) $3.44
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Step by Step Answer:
The correct option is option c 175 All amounts are in except no of units Hi...View the full answer
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