LOTECK Company's weekly store operating costs for a 10-week period totaled $320,000 for a high, and $260,000 for a low. Sales volumes for the two weeks were $4,000,000 and $3,200,000, respectively. The estimated fixed cost using the high-low method is:     A. $100,000.     B. $300,000.           C. $320,000.       D.   $20,000.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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LOTECK Company's weekly store operating costs for a 10-week period totaled $320,000 for a high, and $260,000 for a low. Sales volumes for the two weeks were $4,000,000 and $3,200,000, respectively. The estimated fixed cost using the high-low method is:

 

  A.

$100,000.

 

  B.

$300,000.

 

 

 

 

  C.

$320,000.

 

 

  D.

  $20,000.

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