Question
Below are monthly Sales and Operating Expenses data for the Wiley Company: Month Sales Volume Operating Expenses July $180,000 $33,000 August 210,000 38,000 September 220,000
Below are monthly Sales and Operating Expenses data for the Wiley Company:
Month Sales Volume Operating Expenses
July $180,000 $33,000
August 210,000 38,000
September 220,000 39,000
October 390,000 43,500
November 240,00040,000
December 320,000 44,200
Using the "high-low" method, the estimated monthly fixed cost for Operating Expenses is:
a. $18,600
b. $14,400
c. $11,200
d. $22,785
e. None of the above
What is the right answer and how to calculate it?
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Financial Accounting An Integrated Statements Approach
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
2nd Edition
324312113, 978-0324312119
