High-Low Method  During the past year, Gutter Corp., operated within the relevant range of its fixed costs. Monthly production volume during the year ranged from 48,000 to 80,000 units of product and corresponding total manufacturing costs ranged from $5.55 to $4.75 per unit. Determine the total cost behavior pattern experienced by Gutter Corp. Total cost = $______ + ($______ x variable cost per unit)

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A: High-low method is used to differentiate the fixed and variable cost from a limited amount of data.

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A:

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A: Hello Student! Since there are multiple sub-parts posted, we will answer the first three sub-parts.…

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