Holly CoUses the High-Low Method

question 115

Multiple Choice

Holly Co.uses the high-low method.It had an average cost per unit of $10 at its lowest level of activity when sales equaled 10,000 units and an average cost per unit of $6.50 at its highest level of activity when sales equaled 20,000 units.Holly would estimate fixed costs as:

• A)$70,000
• B)$16.50
• C)$8.25
• D)$100,000

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Definitions:

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