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Develop a total cost function based on the given data

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Reference no: EM132074855

Question - You have been provided with the following information based on performance regarding ABC Ltd for the year ended 31 December 2004:

Labour hours (Activity level)

Service costs (Shs)

300

150,000

400

155,000

350

153,000

600

192,000

310

145,000

800

200,000

Required - Develop a total cost function based on the above data using the high-low method.

Reference no: EM132074855

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