1. In applying the high-low method of cost estimation, how is the total fixed cost estimated?
2. If fixed costs increase, what would be the impact on the (a) contribution margin? (b) income from operations?
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1. In applying the high-low method of cost estimation, how is the total fixed cost estimated?
2. If fixed costs increase, what would be the impact on the (a) contribution margin? (b) income from operations?