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A company reports the following information: Month Units Sold Total Cost January 1,100 $ 6,650 February 2,000 $ 7,300 March 2,800 $ 10,100 April 800
A company reports the following information:
Month | Units Sold | Total Cost |
January | 1,100 | $ 6,650 |
February | 2,000 | $ 7,300 |
March | 2,800 | $ 10,100 |
April | 800 | $ 4,500 |
6650-4500/1100-800=2150/300=$7.166
6650-(7.16*1100)=
Using the high-low method, the estimated total fixed cost is:
a. $1,700.
b. $4,500.
c. $6,200.
d. $3,900.
e. $2,260.
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