Question
Giving the following data for XY Company year 2008 2009 Total Sales $145,0000 $121,4000 Cost of goods sold $880,000 $738,400 Selling & Administrative Expenses $92,500
Giving the following data for XY Company
| year | 2008 | 2009 |
| Total Sales | $145,0000 | $121,4000 |
| Cost of goods sold | $880,000 | $738,400 |
| Selling & Administrative Expenses | $92,500 | $80,700 |
Assume high-low method is adequate in this case, the total fixed costs of selling and administrative expenses is
| 1. | $10,000 | |
| 2. | $12,000 | |
| 3. | $15,000 | |
| 4. | $20,000 |
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Payroll Accounting 20
Authors: Bernard J. Bieg, Judith A. Toland
26th Edition
1337268798, 9781337268790
