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.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

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