Multiple Choice
Sparrow,Inc.used the high-low method to estimate that its fixed costs are $105,000.At its low level of activity,50,000 units,average cost was $2.60 per unit.What would Sparrow predict as its variable cost per unit?
A) $0.50
B) $1.55
C) $2.10
D) $2.60
Correct Answer:
Verified
Correct Answer:
Verified
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