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McNeil uses the high-low method of estimating costs. McNeil had total costs of 559,500 at its lowest level of activity when 5,000 units were sold

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McNeil uses the high-low method of estimating costs. McNeil had total costs of 559,500 at its lowest level of activity when 5,000 units were sold When at its highest level of activity, sales equaled 8.000 units, total costs were $70,000. What would McNeil estimate its total cost to be if sales equaled 7,850 units? Multiple Choice $60,000 O S101500 $27475 $69.475

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