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San Antonio Business Furniture Inc. makes office tables. During the most productive month of the year, 1,500 tables were manufactured at a total cost of
San Antonio Business Furniture Inc. makes office tables. During the most productive month of the year, 1,500 tables were manufactured at a total cost of $49,000. In its slowest month, the company made 1,000 tables at a total cost of $34,000. Using the high-low method of cost estimation, total fixed costs are:
Group of answer choices
$4,000
$7,000
$9,000
$3,000
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