In Applying the High-Low Method, What Is the Unit Variable

question 48

Multiple Choice

In applying the high-low method, what is the unit variable cost?

• A) $1.44
• B) $1.25
• C) $1.60
• D) Cannot be determined from the information given.

---

Definitions:

Guarantee

A legal promise to ensure the fulfillment of an obligation or repayment of a loan in case the original party fails to do so.

Terminate

Refers to the action of bringing something or an agreement to an end before its natural conclusion.

Cancellation

The act of crossing out a writing. The operation of destroying a written instrument.

Lapse

The termination or expiration of a legal right, policy, or agreement due to the passage of time or inaction.