FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
For the current year Furniture Company incurred the following:
Month |
Delivery Costs |
# of Deliveries |
April |
$54,180 |
225 |
May |
51,750 |
250 |
June |
72,720 |
360 |
July |
40,500 |
135 |
August |
58,500 |
180 |
September |
49,500 |
90 |
October |
55,800 |
315 |
November |
45,495 |
110 |
December |
41,265 |
160 |
Using the high-low method to analyze mixed costs and the data above, what is the estimate of Total Delivery Costs at 450 deliveries? Round intermediate calculations to two decimals, round your solution to dollars.
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