In Applying the High-Low Method, What Is the Fixed Cost

question 106

Multiple Choice

In applying the high-low method, what is the fixed cost? $$\begin{array} { l c c } \text { Month } & \text { Miles } &\text { Total Cost } \\\text { January } & 80,000 & \$ 192,000 \\\text { February } & 50,000 & 160,000 \\\text { March } & 70,000 & 188,000 \\\text { April } & 90,000 & 260,000\end{array}$$

• A)$35,000
• B)$72,000
• C)$28,000
• D)$100,000

Recognize the benefits and limitations of psychoanalysis, including its effectiveness and potential criticisms.

Understand the differences between humanistic and psychodynamic therapies.

Recognize the characteristics and goals of client-centered therapy.

Identify key concepts and techniques used in psychodynamic therapy.

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Definitions:

Equivalent Unit

An equivalent unit is a measure used in cost accounting to express the amount of materials or labor necessary to complete a partially finished product, relative to a finished product unit.

Process Costing

A costing method used in manufacturing where costs are assigned to batches or lots of products, suitable for continuous or repetitive processes.

Conversion Costs

Conversion costs are the costs required to convert raw materials into finished products, including both direct labor costs and manufacturing overhead costs.

Equivalent Units

A concept in cost accounting used to express the amount of work done by an incomplete process on units of output, making partial units comparable to complete units.