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Calculate variable and fixed costs using the high-low method

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Problem 1: Bloomfield Corp had the following maintenance costs for the past six months. Calculate variable and fixed costs using the high-low method.

Month             Unit Produced           Total Cost

January           16,000                     30,000

February         40,000                   64,000

March            44,000                    70,000

April            20,000                      34,000

May             50,000                    80,000

June              42,000                   66,000

Reference no: EM132658226

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