Handy Hiking produces backpacks. In the previous year, its highest and lowest production levels occurred in July
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Handy Hiking produces backpacks. In the previous year, its highest and lowest production levels occurred in July and January, respectively. In July, it produced 4,300 backpacks at a total cost of $104,000. In January, it produced 2,800 backpacks at a total cost of $86,000.
Using the high-low method, calculate the total estimated fixed cost.
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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