Which of the following functions of money enables society to gain the benefits of geographic and labor specialization? store of
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Answer:
Fixed Component of the selling, general adn adminsitrative cost 147,000
Explanation:
We calculate the fixed cost using the high low method.
We subtract high from low the difference is that 1,000 units generates 21,100 dollars of cost
variable cost per unit then will be:
21,100 / 1,000 = 21.1
we now calculate fixed cost:
Total cost = variable x Q + fixed cost
When Q = 6,000 total cost: 294700
294,700 = 21.1 (6,000) + Fixed Cost
Fixed Cost = 147,000