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Fremont, which uses the high-low method, reported total costs of $10.40 per unit at its...

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Accounting

Fremont, which uses the high-low method, reported total costs of $10.40 per unit at its lowest production level, 4,000 units. When production tripled to its highest level, the total cost per unit dropped to $6.50. Fremont would estimate its variable cost per unit as

a. $4.55 b. $16.90 c. negative $0.000812 d. $6.50

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