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Estimate the variable cost per unit and the fixed cost

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Problem 1: The total cost of production for the last four quarters for Moore's Mowers is shown below. Use the high-low method to determine the variable cost per unit and the fixed cost.

                  Total Cost              Units Produced

Quarter 1         $51,000                    2,000

Quarter 2          56,400                   2,300

Quarter 3          49,200                  1,900

Quarter 4         53,700                   2,150

Reference no: EM132979954

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