The following information is available for a company's cost of sales over the last four months. Month January February March April Units Sold 420 820 1,700 2,500 Total Costs $ 31,800 $ 38,000 $ 50,000 $ 62,000 Using the high-low method, the estimated variable cost of sales per unit sold is:

Managerial Accounting: The Cornerstone of Business Decision-Making
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Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter2: Basic Managerial Accounting Concepts
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Problem 15MCQ: Use the following information for Multiple- Choice Questions 2-13 through 2-18: Last year, Barnard...
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The following information is available for a company's cost of sales over the last four months.
Month
January
February
March
April
Multiple Choice
O
Units Sold
420
820
Using the high-low method, the estimated variable cost of sales per unit sold is:
O
$29.41.
$75.71.
$24.80.
$14.52.
1,700
2,500
$32.12.
Total Costs
$ 31,800
$ 38,000
$ 50,000
$ 62,000
Transcribed Image Text:The following information is available for a company's cost of sales over the last four months. Month January February March April Multiple Choice O Units Sold 420 820 Using the high-low method, the estimated variable cost of sales per unit sold is: O $29.41. $75.71. $24.80. $14.52. 1,700 2,500 $32.12. Total Costs $ 31,800 $ 38,000 $ 50,000 $ 62,000
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