Question: Even after reading the article, Mr . Suncat was still a little unclear on what a mixed cost is and how the high - low

Even after reading the article, Mr. Suncat was still a little unclear on what a mixed cost is and how the high-low method calculation works and has asked you to explain these to him. He is really intrigued by the high-low method and has specifically asked that you give an example of the high-low method calculation.
a. Define a mixed cost and give three examples.
b. Explain the purpose of the high-low method.

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