Robin Inc. provides the following manufacturing costs for the Third quarter of the year:  Manufacturing Costs for the Third Quarter  Months Production in Units  Total Costs  July  3,800 $59,550 August 4,200 $62,450 September 5,500 $71,875 Using the high-low method, determine the total fixed costs. (Round intermediate calculations to two decimal places, and the final calculation to the nearest dollar.) Group of answer choices $32,000 $39,875 $39,875 $27,550

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
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Robin Inc. provides the following manufacturing costs for the Third quarter of the year:

 Manufacturing Costs for the Third Quarter 
Months Production in Units  Total Costs 
July  3,800 $59,550
August 4,200 $62,450
September 5,500 $71,875

Using the high-low method, determine the total fixed costs.

(Round intermediate calculations to two decimal places, and the final calculation to the nearest dollar.)

Group of answer choices
$32,000
$39,875
$39,875
$27,550
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