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Calculate the total fixed cost

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Question - Hercules Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows:

Units Produced Cost

1,500 $300,000

3,000 $480,000

4,500 $600,000

Calculate the total fixed cost?

Reference no: EM133141745

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