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Home Q & A Board Other Fields Homework Help Business Accounting
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Kwami Kwami
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7 years ago
The following data is provided for Lake Forest, Inc.:
   Units   Cost of
   Year   Sold   Mortgage   Goods Sold   Supplies
   2000   150   $12,000   $1,500,000   $115,000
   2001   125   12,000   1,250,000   120,000
   2002   200   12,000   2,000,000   200,000
   2003   265   12,000   2,650,000   225,000
   2004   255   12,000   2,550,000   220,000
Using the high-low method, what is the fixed cost for supplies?
A) $208,290.
B) $198,750.
C) $  0.
D) $  26,250.
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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hol23hol23
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7 years ago
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Kwami Author
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#2
7 years ago
This will help my study group for sure, thanks
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