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 =
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the correct answer of this general Accounting question solution
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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