Royal Enterprises has presented the following information for the past three months operations:
a.Using the high-low method,calculate the fixed cost per month and variable cost per unit.
b.What would total costs be for a month with 5,000 units produced?
Definitions:
Fire Insurance
A type of property insurance that covers damage and losses caused by fire.
Material Change
Refers to a significant alteration in the circumstances or conditions of a contract, agreement, or situation, often requiring adjustments or considerations due to its impact.
Risk
The possibility of suffering harm or loss.
Lightning Strike
A natural electrical discharge of very short duration and high voltage between a cloud and the ground or within a cloud.
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