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Question Content Area Strait Co. manufactures office furniture. During the most productive month of the year, 3,600 desks were manufactured at a total cost of $82,000. In the month of lowest production, the company made 1,180 desks at a cost of $61,400. Using the high-low method of cost estimation, total fixed costs are a. $61,400 b. $82,000 c. $51,364 d. $20,600

Question Content Area Strait Co. manufactures office furniture. During the most productive month of the year, 3,600 desks were manufactured at a total cost of $82,000. In the month of lowest production, the company made 1,180 desks at a cost of $61,400. Using the high-low method of cost estimation, total fixed costs are a. $61,400 b. $82,000 c. $51,364 d. $20,600

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter3: Cost Behavior And Cost Forecasting
Section: Chapter Questions
Problem 54E: Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects...
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  1. Question Content Area

    Strait Co. manufactures office furniture. During the most productive month of the year, 3,600 desks were manufactured at a total cost of $82,000. In the month of lowest production, the company made 1,180 desks at a cost of $61,400. Using the high-low method of cost estimation, total fixed costs are

    a. $61,400
    b. $82,000
    c. $51,364
    d. $20,600
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