Please at least answer the first two questions (variable cost/unit and fixed cost), the other...
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Accounting
Please at least answer the first two questions (variable cost/unit and fixed cost), the other two would be appreicated but I really need those first two!
Presented below is the production data for the first six months of the year for the costs incurred by Strongsville Company. Round answers to the related questions up to three decimal places.
Month Cost ($) Machine Hours
January 16,900 5,600
February 13,900 4,500
March 10,900 3,800
April 11,450 3,700
May 13,050 4,215
June 16,990 4,980
The variable cost per unit using the high-low method is _______
Using the high-low method, the fixed cost is _______
Type the cost function using the variable cost and the fixed cost that you calculated using the high-low method.
Using the formula or the cost function you typed in the previous question, the total costs predicted when 4,700 machine hours are used is $_______
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