Georgia uses the high-ow method of estimating costs. Georgia had total costs of $50,000 at its lowest level of activity,when 5,000 units were sold. When, at its highest level of activity, sales equaled 10,000 units, total costs were $78,000.Georgia would estimate variable cost per unit as:O $14.00O $9.10O $5.60O $10.54

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Description: Georgia uses the high-ow method of estimating costs. Georgia had total costs of $50,000 at its lowest level of activity,when 5,000 units were sold. When, at its highest level of activity, sales equaled 10,000 units, total costs were $78,000.Georgia

The high low method is sued to segregate mixed costs into variable and fixed costs by comparing…

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Georgia uses the high-low method of estimating costs. Georgia had total costs of $50,000 at its lowest level of activity, when 5,000 uitswere sold. When, at its highest level of activity, sales equaled 10,000 units, total costs were $78,000. Georgia would estimate variable cost per unit as: O $14.00 O $9.10 O $560 O $10.54

Georgia uses the high-low method of estimating costs. Georgia had total costs of $50,000 at its lowest level of activity, when 5,000 uitswere sold. When, at its highest level of activity, sales equaled 10,000 units, total costs were $78,000. Georgia would estimate variable cost per unit as: O $14.00 O $9.10 O $560 O $10.54

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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