Question: Using the high-low method, determine the fixed and variable costs in Assumption Companys cost structure from these data: Month Number of Units Costs July 3,000

Using the high-low method, determine the fixed and variable costs in Assumption Companys cost structure from these data:

Month Number of Units Costs

July 3,000 $14,000

August 4,000 16,000

September 6,000 20,000

Variable cost per unit ________ Fixed costs __________

Estimated cost to produce 3,700 units __________

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