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high low- cost behavior SI (1)

high low- cost behavior SI (1) - 5 Name three ways to...

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This material is produced by the SI Program at Arizona State University student success .asu.edu { collaborative peer-led structured group study SI 1) Draw the graphs associated with both unit and total fixed costs... also give an example of what a fixed cost might be? 2) Draw the graphs associated with both unit and total variable costs .... also give an example of a cost that would be variable? 3) Define a mixed cost and draw the graph associated with a total mixed cost... also give an example of a cost that might be mixed. 4) What is the formula for total mixed costs, and what does each variable mean?
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Unformatted text preview: 5) Name three ways to analyze mixed costs? 6) Name the steps necessary to use the high-low method. 1) 2) 3) This material is produced by the SI Program at Arizona State University student success .asu.edu { collaborative peer-led structured group study SI 7) Let’s work a High-Low Problem using the information gathered on the previous page. month total cost machine hours January $3,400 1,050 February $3,700 1,150 March $3,500 1,000 April $3,780 1,200 May $4,000 1,350 June $4,200 1,400 If Jackson Company uses 1,280 machine hours in a month, what will its TOTAL costs be?...
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