Question: a . Define a mixed cost and give three examples. b . Explain the purpose of the high - low method. c . Using the

a. Define a mixed cost and give three examples.
b. Explain the purpose of the high-low method.
c. Using the data below, compute the variable and fixed cost elements using the high-low method. Show
all calculations and clearly label the variable cost component and the fixed cost component of the
mixed cost.
a. Define a mixed cost and give three examples. b. Explain

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