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Ajax uses the high low method of estimating costs. Ajax had total costs of $48800...

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Accounting

Ajax uses the high low method of estimating costs. Ajax had total costs of $48800 at its lowest level of activity, when 5300 units were sold. When at its highrst level of activity, sales equaled 15,300 total costs were $80,800. Ajax woudl estimate fixed costs as:

a. $129600 b. $59760 c. $32000 d. $31840

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