Meadow Uses the High-Low Method

question 15

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

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Definitions:

Big Five

A psychological theory describing five core dimensions of human personality: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

Conscientiousness

A personality trait characterized by diligence, carefulness, and a high level of responsibility.

Extraversion

A feature marked by an inclination towards being sociable, lively, and engaging.

Unsafe Behaviours

Actions or practices by individuals that increase the risk of accidents or harm to themselves or others in the workplace.