Presented Below Is the Production Data for Six Months of the Year

question 97

Multiple Choice

Presented below is the production data for six months of the year showing the mixed costs incurred by Columbia Company. Columbia Company uses the high-low method to analyze mixed costs.The total fixed cost is ________.

• A)$4,000
• B)$4,500
• C)$10,417
• D)$10,500

---

Definitions:

Compounded Semi-annually

Interest calculation method where interest is added to the principal sum of a deposit or loan every six months, leading to interest on interest.

Private Loan

A loan sourced from a private entity or individual, as opposed to a government or public lender.

Accrued Interest

Interest that has been incurred but not yet paid, typically relating to bonds or loans.

Pay Off

To completely settle a debt or an obligation.