Question: Holly Company uses the high-low method. It had an average cost per unit of $8.00 at its lowest level of activity, when sales equaled 18,000
Holly Company uses the high-low method. It had an average cost per unit of $8.00 at its lowest level of activity, when sales equaled 18,000 units. Holly had an average cost per unit of $7.00 at its highest level of activity, when sales equaled 36,000 units. Holly would estimate fixed costs as
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