Multiple Choice
Glatt Inc., an escrow agent, has provided the following data concerning its office expenses:
Management believes that office expense is a mixed cost that depends on the number of escrows completed. Note: Real estate purchases usually involve the services of an escrow agent that holds funds and prepares documents to complete the transaction.
-Using the high-low method,the estimate of the variable component of office expense per escrow completed is closest to:
A) $101.08
B) $59.12
C) $17.11
D) $17.15
Correct Answer:

Verified
Correct Answer:
Verified
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