Question: Evander inc. has decided to use the high-low method to estimate the total cost and the foxed and variable cost components of the total cost.
Evander inc. has decided to use the high-low method to estimate the total cost and the foxed and variable cost components of the total cost. The data for various levels of production are as follows: a. Determine the variable cost per unit and the total fixed cost. Variable cost 4 Total fixed cost 1 b. Based on part (a), estimate the total cost for 1,660 units of production. Total cost for 1,660 units 5
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