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What is the variable cost component

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Problem - Goodwill Co. has the following actual production data for the first four months of the year for the mixed costs incurred:

Month

Cost

Units

July

$7,980

6,500

August

$8,048

6,400

September

$12,960

10,600

October

$17,680

15,000

It uses the high-low method to analyze mixed costs.

Required -

a) What is the variable cost component?

b) What is the fixed cost component?

c) What is the cost function?

d) What is the estimated total cost at an operating level of 10,000 units?

Reference no: EM132837483

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