Question: Holly, which uses the high-low method, had an average cost per unit of P10 at its lowest level of activity when sales equaled 10,000 units

Holly, which uses the high-low method, had an average cost per unit of P10 at its lowest level of activity when sales equaled 10,000 units and an average cost per unit of P6.50 at its highest level of activity when sales equaled 20,000 units. Holly would estimate fixed costs as:

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