Question
Frazier Manufacturing Company collected the following production data for the past month: units Units Produced total costs 4,000 $26,000 4,500 29,125 4,800 31,000 5,500 35,375
Frazier Manufacturing Company collected the following production data for the past month:
units
Units Produced total costs
4,000 $26,000
4,500 29,125
4,800 31,000
5,500 35,375
If the high-low method is used, what is the monthly total cost equation?
A. Total cost= $9,00 + $6/unit
B. total cost=$1,000 + $6/unit
C. total cost = 9,375 +$6.50/unit
D. Total cost= 1,000+$6.25/unit
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Financial Accounting
Authors: Walter B. Meigs, Robert F. Meigs, Mark Bettner, Ray Whittington
9th Edition
0070434360, 978-0070434363
