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Mixed costs using highlow

Mixed Costs Using High/Low Method

Gregory's Gems accumulated the following production and overhead cost data for the past five months:

Required:

A. Use the high/low method to calculate the variable cost per unit and fixed costs for Gregory's Gems. Round your answers to the nearest cent, if necessary.

Variable cost per unit
Fixed cost

B. What are estimated total costs for production of 12,000 units?

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Accounting Basics: Mixed costs using highlow

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