ICAEW MI Practice Questions - ICAEW ACA Certificate Level - Management Information Exam

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A company's total costs were £42,000 at 8,000 units and £54,000 at 14,000 units. Using the high-low method, what is the variable cost per unit?

£2.00 £3.00 £3.86 £6.75

Correct Answer:

£2.00

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