Strait Co. manufactures office furniture. During the most productive month of the year, 3,700 desks were manufactured at a total cost of $84,900. In the month of lowest production, the company made 1,190 desks at a cost of $61,900. Using the high-low method of cost estimation, total fixed costs are Round your intermediate calculations to two decimal places. a. $61,900 b. $23,000 c. $84,900 d. $51,008
Strait Co. manufactures office furniture. During the most productive month of the year, 3,700 desks were manufactured at a total cost of $84,900. In the month of lowest production, the company made 1,190 desks at a cost of $61,900. Using the high-low method of cost estimation, total fixed costs are Round your intermediate calculations to two decimal places. a. $61,900 b. $23,000 c. $84,900 d. $51,008
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter20: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 2CMA: Kimber Company has the following unit costs for the current year: Fixed manufacturing cost is based...
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Strait Co. manufactures office furniture. During the most productive month of the year, 3,700 desks were manufactured at a total cost of $84,900. In the month of lowest production, the company made 1,190 desks at a cost of $61,900. Using the high-low method of cost estimation, total fixed costs are
Round your intermediate calculations to two decimal places.
a. $61,900
b. $23,000
c. $84,900
d. $51,008
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