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What are estimated total costs

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Question - X Company has the following data from 2016 and 2017:

 

2016

2017

Total costs

$282,100

$411,300

Units produced

35,000

55,000

Expected production in 2018 is 44,100 units. Using the high-low method with the 2016 and 2017 data to determine the parameters of the cost function, what are estimated total costs in 2018?

Reference no: EM132140715

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