Cardillo Inc

question 39

Multiple Choice

Cardillo 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)$26.75
• B)$118.23
• C)$36.11
• D)$72.49

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