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Using High-Low to Calculate Predicted Total Variable Cost and Total cost for a Time Period that differs from the Data Period
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Answer #1

1.

Total variable labor cost = 3,900 X $2.16 = $8,424

2.

Total fixed labor cost does not change with change in employee hours. Total fixed labor cost = $6,637

3.

Total labor cost = $8,424 + $6,637 = $15,061

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