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Accounting

Problem:

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.

Required:

Fremont would estimate its variable cost per unit as

a. $4.55

b. $16.90

c. negative $0.000812

d. $6.50

Note: Please show how you came up with the solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91163836

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