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Problem:

Thomas Train has collected the following information over the last six months. Month Units produced Total costs March 10,000 $25,600 April 12,000 26,200 May 19,800 27,600 June 13,000 26,450 July 12,000 26,000 August 15,000 26,500 Using the high-low method,

Required:

Question: What is the variable cost per unit?

Note: Please describe comprehensively and provide step by step solution.

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Category:- Basic Finance
Reference No.:- M91148035

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