uestion 5 Jolex uses the high-low method of estimating costs. Jolex had total costs of $12232 at its lowest level of activity, when 2372 units were sold. When, at its highest level of activity, sales equaled 7298 units, total costs were $29776. Jolex would estimate fixed costs as: Give your answer as a whole number but do not round your calculations until you get to the final answer. 584

uestion 5 Jolex uses the high-low method of estimating costs. Jolex had total costs of $12232 at its lowest level of activity, when 2372 units were sold. When, at its highest level of activity, sales equaled 7298 units, total costs were $29776. Jolex would estimate fixed costs as: Give your answer as a whole number but do not round your calculations until you get to the final answer. 584

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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Assume a company makes only three products, A, B, and C. Product A Product B Product C Estimated customer demand in units Selling price per unit 800 700 $ 80 $ 45 Variable cost per unit $ 35 $ 20 Machine-hours per unit 2.5 1.25 The company has only 2.850 machine-hours available. What is the highest total contribution margin that the company can earn if it makes optimal use of its constrained resource? Multiple Choice O O $52.800 $59,800 $55,000 $57,800 600 $ 65 $ 26 3.0
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