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Problem - High-low method - Crane 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 - Total Costs
10,000 - $700,000
15,000 - 840,000
22,500 - 920,000
Required -
a. Determine the variable cost per unit and the fixed cost.
b. Based on part (a), estimate the total cost for 14,000 units of production.
Executor's fee received from his father's estate $5,000. Compute Mia's gross income from self-employment for the current year
Professional Guidance. A challenge facing auditors is the wide array of professional guidance available to them in the audits of different types of entities.
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1.during the current year jacob alicia and shawn who are partners in the jas company had average capital balances of
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