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Question - The manufacturing costs of Mocha Industries for three months of the year are provided below:
Total Cost
Production
April
$87,408
1,820 Units
May
90,620
2,550 Units
June
95,636
3,690 Units
Required -
a) Using the high-low method, determine the variable cost per unit.
b) Using the high-low method, determine total fixed costs.
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