Mathematics · Cost Accounting
A company is estimating its costs based on past information. The total costs incurred at different levels of output were as follows: Output (units) Total costs ()160,0002,420,000185,0002,775,000190,0002,840,000 Using the high-low method to separate total costs into fixed and variable elements, there is a stepped increase in fixed costs of $30,000 when output reaches 180,000 units. What estimate of total costs should be made for an output of 175,000 units?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12,630,000
- 2$2,615,000✓
- 3$2,275,000
- 4$2,645,000
Correct answer
$2,615,000
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