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High-Low Method of Analyzing Mixed Costs.
The Standford Times has determined that the annual printing of 850,000 newspapers costs 13 cents per copy. If production were to be increased to 1,250,000 copies per year, the per unit cost would drop to 11 cents per copy.
Using the high-low method, determine the toal fixed and variable costs of printing 850,000 newspapers? |
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