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Palm Company, which uses the high-low method, had an average cost per unit of $45.00 at its lowest level of activity, when sales equaled 1,000

Palm Company, which uses the high-low method, had an average cost per unit of $45.00 at its lowest level of activity, when sales equaled 1,000 units. Palm had an average cost per unit of $28.00 at its highest level of activity, when sales equaled 2,000 units. Palm would estimate fixed costs as: Multiple Choice $34,000. $17,000. $73.00. $22

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