Using the High-Low Method and the Information Below,compute the Monthly

question 14

Multiple Choice

Using the high-low method and the information below,compute the monthly total fixed costs for SKP Corporation. $$\begin{array} { l l l } \text { Month } & \text { Telephone Hours Used } & \text { Telephane Expense: } \\\text { Apri } & 100 & \$ 4,500 \\\text { May } & 110 & 4,800 \\\text { June } & 150 & 5,400\end{array}$$

• A) $1,800
• B) $2,700
• C) $3,640
• D) $4,500

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Definitions:

Three Parties

A term generally used in contracts or legal situations where three distinct entities are involved.

Lease

A contractual agreement whereby one party grants another the right to use property, equipment, or facilities for a specified period in exchange for payment.

Title

A legal term referring to a rightful ownership of property, assets, or the evidence thereof.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that establishes a uniform international sales law.