Question: Please explain the solution to this general accounting problem with accurate principles. A retail store is analyzing its operating expenses. In July, the store had

Please explain the solution to this general accounting problem with accurate principles.

Please explain the solution to this general
A retail store is analyzing its operating expenses. In July, the store had $45,000 in sales revenue with operating expenses of $31,500. In August, the store had $38,000 in sales revenue with operating expenses of $27,800. Determine the variable cost per dollar of sales revenue and the total fixed costs using the high-low method

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