Question: Company ABC had its highest production level in May when it produced 4,000 units at a total cost of $110,000 and the lowest production level

Company ABC had its highest production level in May when it produced 4,000 units at a total cost of $110,000 and the lowest production level in November when it produced 2,500 units at a total cost of $87,500.

Required

Estimated variable cost per unit using the high-low method

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