Question: step by step explanation to help get deeper understanding Use the following information to answer questions 6 through 10. Tax Masters, Inc. reported the following

step by step explanation to help get deeper understanding
step by step explanation to help get deeper understanding Use the following

Use the following information to answer questions 6 through 10. Tax Masters, Inc. reported the following information about the cost of its tax preparation business for the first half of the year 6. Use the high-low method to estimate the variable cost per tax retum. a. $32.00 per return b. $48.28 per return c $65.00 per return d. $40.00 per return 7. Use the high-low method to estimate the fixed cost component of tax preparation cost. 8. Use the high-low method to estimate tax preparation cost for a quarter in which 35,000 tax returns are expected

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