Cardinal uses the high-low method of estimating costs. Cardinal had total costs of $26,410 at its lowest level of activity, when 10,000 units were sold. When, at its highest level of activity, sales equaled 15,900 units, total costs were $39,390. Cardinal would estimate variable cost per unit as:
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Cardinal uses the high-low method of estimating costs. Cardinal had total costs of $26,410 at its lo...
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