Problem

Peppers Lockdown produces keys for homes and cars. As Peppers is planning for next year’s...

Peppers Lockdown produces keys for homes and cars. As Peppers is planning for next year’s production, he decided to implement a high-low system to forecast future costs. With total production of 2,500,000 keys at a total cost of $10,000, in 2009, and total production of 3,000,000 keys at a total cost of $20,000 in 2010 what is the variable cost per key?

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Solutions For Problems in Chapter 8