Seved Cardinal uses the high-low method of estimating costs. Cardinal had total costs of $24,295 at Its lowest level of activity, when 10,400 units were sold When, at its highest level of activity, sales equaled 15,700 units, total costs were $39,400. Cardinal would estimate variable cost per unit as Mutole Cholce $2.34 $251 $285 $2.44

Seved Cardinal uses the high-low method of estimating costs. Cardinal had total costs of $24,295 at Its lowest level of activity, when 10,400 units were sold When, at its highest level of activity, sales equaled 15,700 units, total costs were $39,400. Cardinal would estimate variable cost per unit as Mutole Cholce $2.34 $251 $285 $2.44

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Description: SavedCardinal uses the high-low method of estimating costs. Cardlnal had total costs of $24,295 at its lowest level of activity, when 10,400 units were sold.When, at its highest level of activity, sales equaled 15,700 units, total costs were $39,400

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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