LOTECK Company's weekly store operating costs for a 10-week period totaled $320,000 for a high, and $260,000 for a low. Sales volumes for the two weeks were $4,000,000 and $3,200,000, respectively. The estimated fixed cost using the high-low method is: A. $100,000. B. $300,000. C. $320,000. D. $20,000.
LOTECK Company's weekly store operating costs for a 10-week period totaled $320,000 for a high, and $260,000 for a low. Sales volumes for the two weeks were $4,000,000 and $3,200,000, respectively. The estimated fixed cost using the high-low method is: A. $100,000. B. $300,000. C. $320,000. D. $20,000.
Chapter2: Building Blocks Of Managerial Accounting
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LOTECK Company's weekly store operating costs for a 10-week period totaled $320,000 for a high, and $260,000 for a low. Sales volumes for the two weeks were $4,000,000 and $3,200,000, respectively. The estimated fixed cost using the high-low method is:
| A. |
$100,000.
|
|
| B. |
$300,000.
|
|
| C. |
$320,000.
|
|
| D. |
$20,000. |
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