Brief Exercise 8-25 [LO 8-3]

Sanders Bears produces stuffed animals. Sanders is in the process of implementing a cost forecasting system using the high-low method. The variable cost per animal is $6 and the high and low costs used are $241,300 for 37,100 animals and $141,100 for 20,400 animals. What is the value of the fixed cost for the cost estimating equation?

Fixed Cost ______