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The following information is available for a company's cost of sales over the last five months: Month Units Sold Cost of Sales January 500 $28,000 February 1,000 $34,000 March 1,800 $46,000 April $52,000 2,200 What is the estimated variable cost of sales per unit sold using the high-low method?

The following information is available for a company's cost of sales over the last five months: Month Units Sold Cost of Sales January 500 $28,000 February 1,000 $34,000 March 1,800 $46,000 April $52,000 2,200 What is the estimated variable cost of sales per unit sold using the high-low method?

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter3: Cost Behavior And Cost Forecasting
Section: Chapter Questions
Problem 3DQ: Suppose a company finds that shipping cost is 3,560 each month plus 6.70 per package shipped. What...
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What is the estimated variable cost

The following information is available for a company's cost of sales over the last five months: Month Units Sold Cost of Sales January 500 $28,000 February 1,000 $34,000 March 1,800 $46,000 April $52,000 2,200 What is the estimated variable cost of sales per unit sold using the high-low method?
Transcribed Image Text:The following information is available for a company's cost of sales over the last five months: Month Units Sold Cost of Sales January 500 $28,000 February 1,000 $34,000 March 1,800 $46,000 April $52,000 2,200 What is the estimated variable cost of sales per unit sold using the high-low method?
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