Multiple Choice
Cardinal uses the high-low method of estimating costs.Cardinal had total costs of $25,000 at its lowest level of activity,when 5,000 units were sold.When,at its highest level of activity,sales equaled 10,000 units,total costs were $39,000.Cardinal would estimate variable cost per unit as:
A) $7.00
B) $4.55
C) $2.80
D) $5.26
Correct Answer:
Verified
Correct Answer:
Verified
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