Question: Describe how total variable costs and unit variable costs behave with changes in the level of activity. In applying the high-low method of cost estimation

Describe how total variable costs and unit variable costs behave with

Describe how total variable costs and unit variable costs behave with changes in the level of activity. In applying the high-low method of cost estimation to mixed costs, how is the total fixed cost estimated? If fixed costs increase, what would be the impact on the (a) contribution margin? (b) income from operations

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