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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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