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Compute the variable-fixed cost elements

Problem: The Smith Company has accumulated the following data concerning a mixed cost. The company is using the units produced as the activity level.

                Units Produced    Total Cost
August            10,000           $14,940
September    8,600           $13,450
October   7,100           $11,200
November          7,700      $12,200
December           8,200          $12,660

1. Using the high-low method, compute the variable and fixed cost elements.

2. If the company produces 8,000 units, estimate the total cost.

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Finance Basics: Compute the variable-fixed cost elements

Reference No:- TGS01744997

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Solution Preview :

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Finance Basics: Compute the variable-fixed cost elements

Reference No:- TGS01744997

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