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If Sheffield uses the high-low method to project costs for the next quarter, what total cost equation will the company use? O Total cost = $66800+ $26/unit x Quantity

If Sheffield uses the high-low method to project costs for the next quarter, what total cost equation will the company use? O Total cost = $66800+ $26/unit x Quantity

FINANCIAL ACCOUNTING
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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Sheffield Corp. collected the following production data for the past quarter: Units Month Produced March April May 5000 4000 3700 Total Cost $202000 176000 163000 If Sheffield uses the high-low method to project costs for the next quarter, what total cost equation will the company use? O Total cost = $66800 + $26/unit x Quantity Total cost = $15000+ $40/unit x Quantity Total cost = $0+ $260/unit x Quantity Total cost = $52000+ $30/unit x Quantity
Transcribed Image Text:Sheffield Corp. collected the following production data for the past quarter: Units Month Produced March April May 5000 4000 3700 Total Cost $202000 176000 163000 If Sheffield uses the high-low method to project costs for the next quarter, what total cost equation will the company use? O Total cost = $66800 + $26/unit x Quantity Total cost = $15000+ $40/unit x Quantity Total cost = $0+ $260/unit x Quantity Total cost = $52000+ $30/unit x Quantity
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