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Business, 26.10.2020 17:00 savage2015mj

Meadow uses the high-low method. It had total costs of $500,000 at its lowest level of activity when 5,000 units were sold. When, at its highest level of activity, sales equaled 12,000 units, total costs were $780,000. Meadow would estimate fixed costs as:

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Meadow uses the high-low method. It had total costs of $500,000 at its lowest level of activity when...

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