ACCOUNTING
Multiple Choice
Presented below are the production data for the first six months of the year for the mixed costs incurred by Gallup Company.
Month Cost Units
January $4,890 4,100
February 4,024 3,200
March 6,480 5,300
April 8,840 7,500
May 5,800 4,800
June 7,336 6,600
Gallup Company uses the high-low method to analyze mixed costs.
What is the estimated total cost at an operating level of 5,000 units?
a. $6,227.20
b. $6,040.00
c. $4,283.20
d. $8,510.00
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