The following information is available for company's cost of sales over the last five months. Month Units sold Cost of sales January 360 $29,400 February 760 $35,000 March 1,400 $47,000 April 2,200 $59,000 Using the high-low method, the estimated total fixed cost is: a. $23,602. b. $29,600. c. $20,424. d. $94,408. e. $47,204.

The following information is available for company's cost of sales over the last five months. Month Units sold Cost of sales January 360 $29,400 February 760 $35,000 March 1,400 $47,000 April 2,200 $59,000 Using the high-low method, the estimated total fixed cost is: a. $23,602. b. $29,600. c. $20,424. d. $94,408. e. $47,204.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter8: Inventories: Special Valuation Issues

Section: Chapter Questions

Problem 11RE: Johnson Corporation had beginning inventory of 20,000 at cost and 35,000 at retail. During the year,...

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