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The following information is available for a company's cost of sales over the last five months. Month Units sold Cost of sales January 560 $
The following information is available for a company's cost of sales over the last five months.
| Month | Units sold | Cost of sales | ||
| January | 560 | $ | 28,600 | |
| February | 740 | $ | 34,000 | |
| March | 1,300 | $ | 46,000 | |
| April | 2,560 | $ | 58,000 | |
Using the high-low method, the estimated total fixed cost is:
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Internal Auditing An Integrated Approach
Authors: Richard E. Cascarino
2nd Edition
0702172693, 978-0702172694
