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What amount are the fixed

What amount are the fixed

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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MRW Co. manufactures office furniture. During the most productive month of the year 3,500 desks were manufactured at a total cost of $84,400. In its slowest month of the year, the business made 1,100 desks at a cost of $46,000. What amount are the fixed costs, using the high-low method of cost estimation? O $5,600.00 O $17,600.00 O $28.400.00 O cannot be determined from the data given
Transcribed Image Text:MRW Co. manufactures office furniture. During the most productive month of the year 3,500 desks were manufactured at a total cost of $84,400. In its slowest month of the year, the business made 1,100 desks at a cost of $46,000. What amount are the fixed costs, using the high-low method of cost estimation? O $5,600.00 O $17,600.00 O $28.400.00 O cannot be determined from the data given
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