Ajax uses the high-low method of estimating costs. Ajax had total costs of $50,940 at its lowest level of activity, when 5,800 units were sold. When, at its highest level of activity, sales equaled 15,100 units, total costs were $80,700. Ajax would estimate fixed costs as:

Ajax uses the high-low method of estimating costs. Ajax had total costs of $50,940 at its lowest level of activity, when 5,800 units were sold. When, at its highest level of activity, sales equaled 15,100 units, total costs were $80,700. Ajax would estimate fixed costs as: Multiple Choice $29,760 $32,380 $63,500 $131,640