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If total costs are $50,000 when production levels are highest at 1,000 units and total...

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Accounting

If total costs are $50,000 when production levels are highest at 1,000 units and total costs are $35,000 when production levels are lowest at 500 units, using the high-low method, how much are fixed costs?

a. $30

b. $20,000

c. $15,000

d. $85,000

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