Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Solve this general accounting question not use

Transcribed Image Text:Lark Products, which uses the high-low method,
had total costs of $30,000 at its lowest activity
level when 6,000 units were sold. At its highest
level of activity, sales equalled 15,000 units, and
total costs were $50,000. Required: Estimate the
fixed costs.
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