Question: Attawfik Company is developing a cost function for its total costs using the high-low method. The following data have beencollected for the past year: Total

Attawfik Company is developing a cost function for its total costs using the high-low method. The following data have beencollected for the past year:

Total

Quarter Units Costs

1 5,000$ 745

2 6,500 820

3 7,000 850

4 8,000 1,000

Calculate the following amounts:

a.The variable cost per unit

b.The fixed cost

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