Wilson Company produces coffee makers. During the month with highest production, 4,800 coffee makers were manufactured at a total cost of $96,000. In the month of lowest production, the company made 3,200 coffee makers at a cost of $72,000. Using the high-low method of cost estimation, what are the total fixed costs?

Wilson Company produces coffee makers. During the month with highest production, 4,800 coffee makers were manufactured at a total cost of $96,000. In the month of lowest production, the company made 3,200 coffee makers at a cost of $72,000. Using the high-low method of cost estimation, what are the total fixed costs?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 8EA: Using the information in the previous exercises about Marleys Manufacturing, determine the operating...

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