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Bacardi Limited is one of the largest privately held, family-owned spirits companies in the world and is known for its distilled rum. Bacardi uses the

Bacardi Limited is one of the largest privately held, family-owned spirits companies in the world and is known for its distilled rum. Bacardi uses the high-low method of estimating costs. Bacardi had total costs of $50,000 at its lowest level of activity, when 5,000 units were sold. When, at its highest level of activity, sales equaled 12,000 units, total costs were $78,000. What would Bacardi estimate its total cost to be if sales equaled 8,000 units?
A)$62,000
B)$52,000
C)$32,000
D)$80,000

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