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Trish's Quilt Connection is an online company specializing in high-quality quilt frames and accessories. Trish does not charge customers shipping charges for quilt frame orders. She has provided the following information: Month Quilt Frames Sold Shipping Costs January 1,075 February 780 March 1,150 April 1,280 $8,800 $8,000 $9,000 $10,000 Using the high-low method, estimate Trish's total variable and fixed costs are at if she sells 1,280 frames for the month of May: a. Total variable cost $5,120; Total fixed cost $4,880 = b. Total variable cost = $320; Total fixed cost = $9,680 c. Total variable cost $10,000; Total fixed cost = $0 d. Total variable cost e. Total variable cost == $2,000; Total fixed cost = $8,000 $7,500; Total fixed cost $500 =

Trish's Quilt Connection is an online company specializing in high-quality quilt frames and accessories. Trish does not charge customers shipping charges for quilt frame orders. She has provided the following information: Month Quilt Frames Sold Shipping Costs January 1,075 February 780 March 1,150 April 1,280 $8,800 $8,000 $9,000 $10,000 Using the high-low method, estimate Trish's total variable and fixed costs are at if she sells 1,280 frames for the month of May: a. Total variable cost $5,120; Total fixed cost $4,880 = b. Total variable cost = $320; Total fixed cost = $9,680 c. Total variable cost $10,000; Total fixed cost = $0 d. Total variable cost e. Total variable cost == $2,000; Total fixed cost = $8,000 $7,500; Total fixed cost $500 =

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 2PA: Record journal entries for the following transactions of Barrera Suppliers. A. May 12: Sold 32...
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Trish's Quilt Connection is an online company specializing in high-quality quilt frames and accessories. Trish does not charge customers shipping charges for quilt frame orders. She has provided the following information: Month Quilt Frames Sold Shipping Costs January 1,075 February 780 March 1,150 April 1,280 $8,800 $8,000 $9,000 $10,000 Using the high-low method, estimate Trish's total variable and fixed costs are at if she sells 1,280 frames for the month of May: a. Total variable cost $5,120; Total fixed cost $4,880 = b. Total variable cost = $320; Total fixed cost = $9,680 c. Total variable cost $10,000; Total fixed cost = $0 d. Total variable cost e. Total variable cost == $2,000; Total fixed cost = $8,000 $7,500; Total fixed cost $500 =
Transcribed Image Text:Trish's Quilt Connection is an online company specializing in high-quality quilt frames and accessories. Trish does not charge customers shipping charges for quilt frame orders. She has provided the following information: Month Quilt Frames Sold Shipping Costs January 1,075 February 780 March 1,150 April 1,280 $8,800 $8,000 $9,000 $10,000 Using the high-low method, estimate Trish's total variable and fixed costs are at if she sells 1,280 frames for the month of May: a. Total variable cost $5,120; Total fixed cost $4,880 = b. Total variable cost = $320; Total fixed cost = $9,680 c. Total variable cost $10,000; Total fixed cost = $0 d. Total variable cost e. Total variable cost == $2,000; Total fixed cost = $8,000 $7,500; Total fixed cost $500 =
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