a- In applying the high-low method, what is the fixed cost?

Select one:

a. $72,000

b. $35,000

c. $100,000

d. $28,000

b-

A company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $13 of variable costs to make. During April, 1,000 drives were sold, Fixed costs for March were $2 per unit for a total of $2,000 for the month. How much is the contribution margin ratio?

Select one:

a. 25%

b. 65%

c. 75%

d. 35%