Assume a company uses the high-low method to separate any mixed costs into their variable and fixed elements. It provide

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Assume A Company Uses The High Low Method To Separate Any Mixed Costs Into Their Variable And Fixed Elements It Provide 1 (31.05 KiB) Viewed 53 times

Assume a company uses the high-low method to separate any mixed costs into their variable and fixed elements. It provided the following income statements: June 5,000 $ 175,000 90,000 85,eee July 5,500 $ 192,500 99, eee 93,500 May Sales in units 4,800 Sales $ 168, eee Cost of goods sold 86,400 Gross margin 81,600 Selling and administrative expenses: Advertising 17,000 Shipping 16,800 Salaries and commissions 29,602 Total selling and administrative expenses 63,400 Net operating income $ 18,200 What is the estimated net operating Income if the company sells 5,000 units? 17,000 17,5ee 30,000 64,500 $ 20,500 17, eee 19, 250 31,000 67,250 $ 26,250 Multiple Choice $20.00 5 $24.900 $19.900