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Palm, which uses the high-low method, had an average cost per unit of $48 at its lowest level of activity when sales equaled 1,200 units and an averag cost per unit of $32.30 at its highest level of activity when sales equaled 2,200 units. Palm would estimate fixed costs as: Multiple Choice $41,448 $80.30 $20.724.00 $27

Palm, which uses the high-low method, had an average cost per unit of $48 at its lowest level of activity when sales equaled 1,200 units and an averag cost per unit of $32.30 at its highest level of activity when sales equaled 2,200 units. Palm would estimate fixed costs as: Multiple Choice $41,448 $80.30 $20.724.00 $27

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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Palm, which uses the high-low method, had an average cost per unit of $48 at its lowest level of activity when sales equaled 1,200 units and an average cost per unit of $32.30 at its highest level of activity when sales equaled 2,200 units. Palm would estimate fixed costs as: Multiple Choice $41,448 $80.30 $20,724.00 $27
Transcribed Image Text:Palm, which uses the high-low method, had an average cost per unit of $48 at its lowest level of activity when sales equaled 1,200 units and an average cost per unit of $32.30 at its highest level of activity when sales equaled 2,200 units. Palm would estimate fixed costs as: Multiple Choice $41,448 $80.30 $20,724.00 $27
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