Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Use the high low method & provide answer
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 400
February 800
March
1,600
April
2,400
$31,000
$37,000
$49,000
$61,000
What is the estimated variable cost of sales per unit sold
using the high-low method?
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