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. At a sales level of $3,500,000, the estimated store operating costs, using the high-low method of cost analysis, would be:

FINANCIAL ACCOUNTING
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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. At a sales level of $3,500,000, the estimated store operating costs, using the high-low method of cost analysis, would be:

 

  A.

$175,000.

 

 

 

  B.

      $282,500.

 

 

  C.

      $275,000.

 

 

  D.

      $260,000.

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