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Problem - High-low method - The manufacturing costs of Greenburg Enterprises for the first three months of the year are provided below.
Total Costs
Production
April
$210,000
2,000 units
May
320,000
4,000
June
225,000
2,500
Required - Using the high-low method,
(a) Determine the variable cost per unit.
(b) Determine the total fixed cost.
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