An accounting form is considering three different auditing software packages which have different levels of automation and thus different annual fixed costs and variable costs per audit as follows: Software Package Annual Fixed Cost Variable Cost / Audit Low automation 300,000 2,000 Moderate Automation 600,000 1,200 High Automation 1,000,000 400 Explain (in sentence form) the volumes ranges for which each software package will have the least total costs.

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To determine the volume ranges for which each software package will have the least total costs we ne... View the full answer