2. Senator Pen's production line of luxury pens shows the following cost and activity data. a....

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2. Senator Pen's production line of luxury pens shows the following cost and activity data. a. Use the high-low method to measure its cost behavior. What are Senator Pen's fixed and variable costs? b. Please also write down the cost function according to your calculations. Month Total Cost Output Units January 50,000 600,000 February 53,000 610,000 March 58,000 660,000 April 52,000 605,000 May 51,000 600,000 June 46,000 480,000 2. Senator Pen's production line of luxury pens shows the following cost and activity data. a. Use the high-low method to measure its cost behavior. What are Senator Pen's fixed and variable costs? b. Please also write down the cost function according to your calculations. Month Total Cost Output Units January 50,000 600,000 February 53,000 610,000 March 58,000 660,000 April 52,000 605,000 May 51,000 600,000 June 46,000 480,000

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Senator Pens Cost Behavior Analysis using HighLow Method a Fixed and Variable Costs We can use the h... View the full answer