Question: Describe how total variable costs and unit variable costs behave with changes in the level of activity. Describe how total fixed costs and unit fixed

  1. Describe how total variable costs and unit variable costs behave with changes in the level of activity.
  2. Describe how total fixed costs and unit fixed costs behave with changes in the level of activity.
  3. In applying the high-low method of cost estimation to mixed costs, how is the total fixed cost estimated?
  4. Cite and give credit to the author that you are citing

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