Question: Holly Co. uses the high-low method. It had an average cost per unit of $12 at its lowest level of activity when sales equaled 16,000

Holly Co. uses the high-low method. It had an average cost

Holly Co. uses the high-low method. It had an average cost per unit of $12 at its lowest level of activity when sales equaled 16,000 units and an average cost per unit of $7.50 at its highest level of activity when sales equaled 28,000 units. Holly would estimate fixed costs as: $19.5 $9.75 $168,000 $192,000

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