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Evaluate the variable cost per unit and the fixed cost

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Reference no: EM132983108

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: EM132983108

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