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:

Late Adulthood

A life stage experienced by individuals typically aged 65 and older, characterized by physical, cognitive, and social changes.

Gay

A term referring to a person who is emotionally, romantically, or sexually attracted to individuals of the same sex.

Married

A legally or formally recognized union of two people as partners in a personal relationship, typically signifying a commitment to a shared life.

Partnered

Having established a partnership or being in a relationship where individuals collaborate or support each other, often used in the context of romantic or business relationships.