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Wuensch Inc

question 74

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Wuensch Inc., an escrow agent, has provided the following data concerning its office expenses: Wuensch Inc., an escrow agent, has provided the following data concerning its office expenses:   Management believes that office expense is a mixed cost that depends on the number of escrows completed. Note: Real estate purchases usually involve the services of an escrow agent that holds funds and prepares documents to complete the transaction. Using the high-low method, the estimate of the variable component of office expense per escrow completed is closest to: A)  $45.44 B)  $42.76 C)  $88.22 D)  $131.00 Management believes that office expense is a mixed cost that depends on the number of escrows completed. Note: Real estate purchases usually involve the services of an escrow agent that holds funds and prepares documents to complete the transaction.
Using the high-low method, the estimate of the variable component of office expense per escrow completed is closest to:


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