Solved

Presented Below Is the Production Data for the First Six

Question 111

Multiple Choice

Presented below is the production data for the first six months of the year showing the mixed costs incurred by Columbia Company.  Month  Cost  Units  July $7,5004,000 August 10,2506,500 September 10,5008,000 October 12,70010,500 November 13,50012,000 December 10,8509,000\begin{array} { l l r } \text { Month } & \text { Cost } & \text { Units } \\\text { July } & \$ 7,500 & 4,000 \\\text { August } & 10,250 & 6,500 \\\text { September } & 10,500 & 8,000 \\\text { October } & 12,700 & 10,500 \\\text { November } & 13,500 & 12,000 \\\text { December } & 10,850 & 9,000\end{array} Columbia Company uses the high?low method to analyze mixed costs.The total fixed cost rounded to the nearest dollar) is _____.


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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents