Question
ocal bank does not know how much of its cheque-processing costs are fixed and how much are variable. However, total costs have been estimated at
ocal bank does not know how much of its cheque-processing costs are fixed and how much are variable. However, total costs have been estimated at $27,000 for processing of 18,000 transactions and $36,000 for processing of 30,000 transactions. Using high-low method, the fixed cost would be:
A. $9,000
B. $10,500
C. $12,000
D. $13,500
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
