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ABC Co. manufactures pens. During the most productive month of the year, 3,650 pens were...

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Accounting

ABC Co. manufactures pens. During the most productive month of the year, 3,650 pens were manufactured at a total cost of $84,550. During its slowest month, the company made 1,250 pens at a cost of $46,150. Calculate the total fixed cost using the high-low method of cost estimation. a. $28,300 b. $27,800 c. $26,150 d. $25,650

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