Peppers Lockdown produces keys for homes and cars. As Peppers planned for next years production, the company

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Peppers Lockdown produces keys for homes and cars. As Peppers planned for next year’s production, the company decided to implement a high-low system to forecast future costs. With total production of 2,500,000 keys at a total cost of $10,000 in 2021, and total production of 3,000,000 keys at a total cost of $20,000 in 2022, what is the variable cost per key?

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Financial Accounting

ISBN: 9781260006452

17th Edition

Authors: Jan Williams, Susan Haka

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