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Presented Below Is the Production Data for the First Six

Question 1

Multiple Choice

Presented below is the production data for the first six months of the year for the mixed costs incurred by Strongsville Company.  Month  Cost  Units  January $7,5004,000 February 10,2506,500 March 10,5008,000 April 12,70010,500 M ay 13,50012,000 June 10,8509,000\begin{array} { l l l } \text { Month } & \text { Cost } & \text { Units } \\\text { January } & \$ 7,500 & 4,000 \\\text { February } & 10,250 & 6,500 \\\text { March } & 10,500 & 8,000 \\\text { April } & 12,700 & 10,500 \\\text { M ay } & 13,500 & 12,000 \\\text { June } & 10,850 & 9,000\end{array} Strongsville 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) $4,000
D) $4,500

Correct Answer:

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