Pena Co. manufactures concert merchandise. During the most productive month of the year, 6,000 hoodies were manufactured at a total cost of $161,600. In its slowest month, the company made 2,800 hoodies at a cost of $104,000. Using the high-low method of cost estimation, total fixed costs are: $53,600 $28,600 $58,000 Cannot be determined from the data given
Pena Co. manufactures concert merchandise. During the most productive month of the year, 6,000 hoodies were manufactured at a total cost of $161,600. In its slowest month, the company made 2,800 hoodies at a cost of $104,000. Using the high-low method of cost estimation, total fixed costs are: $53,600 $28,600 $58,000 Cannot be determined from the data given
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter18: Pricing And Profitability Analysis
Section: Chapter Questions
Problem 3CE: Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month...
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Pena Co. manufactures concert merchandise. During the most productive month of the year, 6,000 hoodies were manufactured at a total cost of $161,600. In its slowest month, the company made 2,800 hoodies at a cost of $104,000. Using the high-low method of cost estimation, total fixed costs are:
- $53,600
- $28,600
- $58,000
- Cannot be determined from the data given
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