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Workmen shoes accumulated the following production and cost data for the past 5 months.
i) Using the high/low method calculate the variable cost per unit and the fixed costs for Workmen shoes
ii) What is the cost equation?
iii) What are estimated total overhead costs for production of 1,500 units?
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The following details were extracted from the standard cost card of a component: Raw Materials 2.82 Kgs @ Rs.4.80 Kg. Direct Labour Type I 6
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