High-low method of cost estimation

Reference no: EM13123286

Ingram Co. manufactures office furniture. During the most productive month of the year, 3,500 desks were manufactured at a total cost of $84,400. In its slowest month, the company made 1,100 desks at a cost of $46,000. Using the high-low method of cost estimation, total fixed costs in August are:

a) $56,000

b) $28,400

c) $17,600

d) cannot be determined from the data given

Reference no: EM13123286

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