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The Gangwere Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Gangwere Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.
Required:
Using the high-low method determine the forecasted cost for July if the number of hours used is expected to be 3,200.
Pollyanna Principle
The tendency for people to remember pleasant items more accurately than unpleasant ones, influencing their outlook and decision-making.
Pleasant Events
Activities or occurrences that bring joy, satisfaction, or pleasure to individuals.
Communication Style
The characteristic way in which an individual or entity prefers to convey and receive information and ideas.
Indirect
Not directly caused by or resulting from something. It involves secondary or intermediate means or actions.
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