Multiple Choice
Meadow uses the high-low method.It had total costs of $500,000 at its lowest level of activity when 5,000 units were sold.When,at its highest level of activity,sales equaled 12,000 units,total costs were $780,000.Meadow would estimate fixed costs as:
A) $280,000
B) $300,000
C) $640,000
D) $1,200,000
Correct Answer:
Verified
Correct Answer:
Verified
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