The following information is available for a company's cost of sales over the last four months. Month January February March April Units Sold 420 820 1,700 2,500 Total Costs $ 31,800 $ 38,000 $ 50,000 $ 62,000 Using the high-low method, the estimated variable cost of sales per unit sold is:
The following information is available for a company's cost of sales over the last four months. Month January February March April Units Sold 420 820 1,700 2,500 Total Costs $ 31,800 $ 38,000 $ 50,000 $ 62,000 Using the high-low method, the estimated variable cost of sales per unit sold is:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![The following information is available for a company's cost of sales over the last four months.
Month
January
February
March
April
Multiple Choice
O
Units Sold
420
820
Using the high-low method, the estimated variable cost of sales per unit sold is:
O
$29.41.
$75.71.
$24.80.
$14.52.
1,700
2,500
$32.12.
Total Costs
$ 31,800
$ 38,000
$ 50,000
$ 62,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F114e7732-16de-4cbe-b67b-6d074c4b6fff%2F2db90d74-5e10-4791-8664-f38de29e3895%2Fqnuclo9_processed.png&w=3840&q=75)
Transcribed Image Text:The following information is available for a company's cost of sales over the last four months.
Month
January
February
March
April
Multiple Choice
O
Units Sold
420
820
Using the high-low method, the estimated variable cost of sales per unit sold is:
O
$29.41.
$75.71.
$24.80.
$14.52.
1,700
2,500
$32.12.
Total Costs
$ 31,800
$ 38,000
$ 50,000
$ 62,000
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