Question
If total costs are $50,000 when production levels are highest at 1,000 units and total costs are $35,000 when production levels are lowest at 500
If total costs are $50,000 when production levels are highest at 1,000 units and total costs are $35,000 when production levels are lowest at 500 units, using the high-low method, how much are fixed costs?
a. $30
b. $20,000
c. $15,000
d. $85,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting A Smart Approach
Authors: Mary Carey, Cathy Knowles, Jane Towers-Clark
3rd Edition
0198745133, 978-0198745136
