Elm Uses the High-Low Method of Estimating Costs

Multiple Choice

Elm uses the high-low method of estimating costs.Elm had total costs of $250,000 at its lowest level of activity,when 5,000 units were sold.When,at its highest level of activity,sales equaled 10,000 units,total costs were $390,000.Elm would estimate variable cost per unit as:

A) $70.00
B) $45.50
C) $28.00
D) $52.71