ACCOUNTING
Multiple Choice
For Carroll Company, labor-hours are 12,500 and wages $47,000 at the high point of the relevant range, and labor-hours are 7,500 and wages $35,000 at the low point of the relevant range.
What is the estimate of total labor costs at Carroll Company when 10,000 labor-hours are used?
a. $17,000
b. $41,000
c. $21,167
d. $27,000
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