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High-Low Method Tashiro Inc. has decided to use the high-low method to estimate...

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Question

Accounting

High-Low Method
Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of
production are as follows:
a. Determine the variable cost per unit and the total fixed cost.
Variable cost (Round to two decimal places.)
$
x per unit
Total fixed cost
b. Based on part (a), estimate the total cost for 2,480 units of production.
Total cost for 2,480 units:
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