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Calculate the total fixed cost

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Reference no: EM133021611

Question - Peterson Company incurred the following high and low maintenance costs totals during 2020: $432,000 at 20,000 units of activity during March and $320,000 at 12,000 units during August.

Required - Use the high-low method to calculate the total fixed cost element of the mixed cost component?

Reference no: EM133021611

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