Kennedy corporation uses the high-low method to analyze mix


Question - Presented below is the production data for six months of the year showing the mix cost incurred by kennedy corporation

Month                     Cost                units

July                         6,000              4,000

August                   10,250               6,500

September             10,500              8,000

October                  12,700             10,500

November               14,000             12,000

December               10,850              9,000

Kennedy corporation uses the high-low method to analyze mix cost. The total fixed cost is?

A. 10,500

B. 4,500

C. 10,417

D. 2,000

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Accounting Basics: Kennedy corporation uses the high-low method to analyze mix
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