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Georgia Incorporated, uses the high-low method of estimating costs. Georgia had total costs of $39.900 at its lowest level of activity, when 5,100 units were sold. When, at its highest level of activity, sales equaled 13,100 units, total costs were $79.900. Georgia would estimate variable cost per unit as Multiple Choice $6.58 $5.00

Georgia Incorporated, uses the high-low method of estimating costs. Georgia had total costs of $39.900 at its lowest level of activity, when 5,100 units were sold. When, at its highest level of activity, sales equaled 13,100 units, total costs were $79.900. Georgia would estimate variable cost per unit as Multiple Choice $6.58 $5.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Georgia Incorporated, uses the high-low method of estimating costs. Georgia had total costs of $39.900 at its lowest level of activity, when 5.100 units were sold. When, at its highest level of activity, sales equaled 13,100 units, total costs were $79,900. Georgia would estimate variable cost per unit as: Multiple Choice $6.58 $5.00 $6.10. $7,82
Transcribed Image Text:Georgia Incorporated, uses the high-low method of estimating costs. Georgia had total costs of $39.900 at its lowest level of activity, when 5.100 units were sold. When, at its highest level of activity, sales equaled 13,100 units, total costs were $79,900. Georgia would estimate variable cost per unit as: Multiple Choice $6.58 $5.00 $6.10. $7,82
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