If total costs are $50,000 when production levels are highest at 1,000 units and total...
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Accounting
If total costs are $50,000 when production levels are highest at 1,000 units and total costs are $35,000 when production levels are lowest at 500 units, using the high-low method, how much are fixed costs?
a. $30
b. $20,000
c. $15,000
d. $85,000
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