The following information is available for a company's cost of sales over the last four months. Month
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Question:
The following information is available for a company's cost of sales over the last four months.
Month | Units Sold | Total Cost |
---|---|---|
January | 400 | $ 31,000 |
February | 800 | $ 37,000 |
March | 1,600 | $ 49,000 |
April | 2,400 | $ 61,000 |
Using the high-low method, the estimated total fixed cost is:
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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