X Company's accountant uses the high-low method to determine the parameters of the company's monthly overhead cost function, with units produced as the independent variable. She has the following past monthly observations to work with:

Units Produced	Cost
6,400	$30,946
8,400	36,220
7,400	35,410
7,900	35,320
6,950	32,196
9,000	37,420

X Company estimates that 11,000 units will be produced in July. What are estimated fixed overhead costs for July [round variable costs per unit to two decimal places]?

A: $3,607

B: $4,797

C: $6,380

D: $8,485

E: $11,286

F: $15,010

Tries 0/99