The following information is available for a company's cost of sales over the last five months.MonthUnits sold Cost of salesJanuary400 $31,000February800 $37,000March1,600 $49,000April2,400 $61,000Using the high-low method, the estimated variable cost of sales per unit sold is:
A. $34.23.
B. $30.62.
C. $15.00.
D. $25.42.
E. $77.50.
Answer: C
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