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Problem - High-low method - The manufacturing costs of Lightfoot Industries for three months of the year follow:
Total Costs
Units Produced
January
$640,000
30,000 units
February
900,000
40,000
March
350,000
12,500
Required -
a. Using the high-low method, find the variable cost per unit.
b. Using the high-low method, find the variable cost per unit.
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