Strait Co. manufactures office furniture. During the most productive month of the year, 3,700 desks were manufactured at a total cost of $84,900. In the month of lowest production, the company made 1,190 desks at a cost of $61,900. Using the high-low method of cost estimation, total fixed costs are Round your intermediate calculations to two decimal places. a. $61,900 b. $23,000 c. $84,900 d. $51,008

Strait Co. manufactures office furniture. During the most productive month of the year, 3,700 desks were manufactured at a total cost of $84,900. In the month of lowest production, the company made 1,190 desks at a cost of $61,900. Using the high-low method of cost estimation, total fixed costs are Round your intermediate calculations to two decimal places. a. $61,900 b. $23,000 c. $84,900 d. $51,008

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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