7. The following are the number of units produced and total cost of production of Company ZYX for the first three months of the year: • 100,000 units @ $1,650,000 ● 125,000 units @ $2,050,000 . 90,000 units @1,490,000 Using the high-low method, how much is the fixed cost per month? $50,000 $57,500 $63,500 $65,000

7. The following are the number of units produced and total cost of production of Company ZYX for the first three months of the year: • 100,000 units @ $1,650,000 ● 125,000 units @ $2,050,000 . 90,000 units @1,490,000 Using the high-low method, how much is the fixed cost per month? $50,000 $57,500 $63,500 $65,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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