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Research Inc., performs laboratory tests. Use the high-low method to determine the fixed and variable...

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Accounting

Research Inc., performs laboratory tests. Use the high-low method to determine the fixed and variable components of a mixed cost given the following observations:

Volume (number of tests) = 4,800 with Total costs = 6,000

and

Volume (number of tests) = 19,200 with Total costs = 9,600

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