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Georgia uses the high-low method of estimating costs. Georgia had total costs of $16,100 at...

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Accounting

Georgia uses the high-low method of estimating costs. Georgia had total costs of $16,100 at its lowest level of activity, when 5,500 units were sold. When, at its highest level of activity, sales equaled 18,300 units, total costs were $80,100. Georgia would estimate variable cost per unit as:

Multiple Choice

  • $5.00

  • $2.93

  • $4.04

  • $4.38

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