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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.

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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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.
Transcribed Image Text: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.
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