Using the high-low method XYZ Company analyzed its manufacturing overhead that was a mixed cost. It identified the following points as its HIGH and LOW points and calculated the variable component of the cost as $10 per unit: HIGH LOW Manufacturing Overhead Production in Units $16,000 $8,000 $56,000 $32,000 What is the fixed component of manufacturing overhead? $24,000 $40,000 4000 1600

Using the high-low method XYZ Company analyzed its manufacturing overhead that was a mixed cost. It identified the following points as its HIGH and LOW points and calculated the variable component of the cost as $10 per unit: What is the fixed component of manufacturing overhead? $16,000 $8,000 $24,000 $40,000