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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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prepare cost accounting sheet
Planned Actual Production 92,000 units 87,000 units
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