Question
Lorien Company has a break even point of 70 units per month. Lorien computed this breakeven point using the high-low method of estimating fixed and
Lorien Company has a break even point of 70 units per month. Lorien computed this breakeven point using the high-low method of estimating fixed and variable costs. The "high" number of units sold in a month during the past year was 210; these units cost a total of $9,030. The "low" number of units sold during the past year was 110 units. The estimated fixed cost per month was $420. What was the total SALES amount of the 110 units sold during the "low" month? Note: This questions is asking about total sales, not total cost.
($4,730, $5,150,$5,170, $4,510, $4,390, $4,930, $5,590, $5,810)
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