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ABC Co. manufactures pens. During the most productive month of the year, 3,650 pens were manufactured at a total cost of $84,550. During its slowest month, the company made 1,250 pens at a cost of $46,150. Calculate the total fixed cost using the high-low method of cost estimation. a. $27,800 b. $26,150 c. $25,650 d. $28,300

ABC Co. manufactures pens. During the most productive month of the year, 3,650 pens were manufactured at a total cost of $84,550. During its slowest month, the company made 1,250 pens at a cost of $46,150. Calculate the total fixed cost using the high-low method of cost estimation. a. $27,800 b. $26,150 c. $25,650 d. $28,300

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter2: Building Blocks Of Managerial Accounting
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ABC Co. manufactures pens. During the most productive month of the year, 3,650 pens were manufactured at a total cost of $84,550. During its slowest month, the company made 1,250 pens at a cost of $46,150. Calculate the total fixed cost using the high-low method of cost estimation.
a.
$27,800
b.
$26,150
c.
$25,650
d.
$28,300
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