Question: Please explain the characteristics of a variable cost and fixed cost and as activity increases how is the cost per unit impacted (increase, decrease, remain

Please explain the characteristics of a variable cost and fixed cost and as activity increases how is the cost per unit impacted (increase, decrease, remain the same). Please explain the characteristics of a mixed cost and how the High-Low Method is used to calculate variable cost per unit and fixed costs. How can the High-Low Method be used to predict variable costs and fixed costs given a certain level of activity. (please type out answer)

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