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In applying the high-low method, what is the unit variable cost? Month...

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Question

Accounting

In applying the high-low method, what is the unit variable cost?

Month Miles Total Cost

January 80,000 $192,000

February 50,000 160,000

March 70,000 188,000

April 90,000 260,000

A.

$2.88
B.

$2.50
C.

$3.20
D.

Cannot be determined from the information given.

Answer & Explanation Solved by verified expert
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