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Joe, Jeff and Jerry Frank own Frank Brothers Farm, a seed company specializing in seed com At their weekly meeting they tried to calculate
Joe, Jeff and Jerry Frank own Frank Brothers Farm, a seed company specializing in seed com At their weekly meeting they tried to calculate the portion of the farm's overhead expenses that is fixed and the portion that is variable, Over the past twelve months, the number of bushels of seed com that has been sold reached its peak in May, when the total monthly overhead costs totaled $260,000 for 100,000 bushels of seed corn sold. The lowest number of bushels sold in the last twelve months occurred in December, when total overhead costs were $80,000 for 10,000 bushels sold. What is the fixed portion of the monthly overhead expenses? (Round intermediary calculations to the nearest cent. Use the "high" data month to calculate your final answer. Do not use the "low" month, as it will result in an approximation of the cost.). OA. $240.000 B. $80,000 OC. $200,000 OD. $60 000
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