Question
The cost line formula of a mixed cost is: (1 Point) Total mixed cost Fixed cost per unit + Variable cost per unit x
The cost line formula of a mixed cost is: (1 Point) Total mixed cost Fixed cost per unit + Variable cost per unit x number of units %D Total mixed cost Fixed cost + Variable cost per unit x number of units Total mixed cost Fixed cost + Total variable cost x number of units O Total mixed cost Fixed cost per unit + Variable cost per unit x number of units %3D .A company applying the high-low method found that in the low point it spent $50,000 to produce 4,000 units, and in the high point it spent $80,000 to produce 10,000 units. What is the total fixed cost calculated by the high-low method? (1 Point) O $50,000 $16,667 $33,333 $30,000
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Managerial Economics Foundations of Business Analysis and Strategy
Authors: Christopher Thomas, S. Charles Maurice
11th edition
978-0078021718
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