x Company uses the high-low method, with production as the activity measure, to predict monthly...
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Accounting
x Company uses the high-low method, with production as the activity measure, to predict monthly factory costs. The following past monthly cost and activity information is available Month May June July August Cost $8,074 $7,162 $8,758 $9,974 Production 3,200 2,600 3,650 4,450 X Company expects to produce 3,100 units in October. What is its estimate of fixed factory costs in October (round unit costs to the nearest cent and your final answer to the nearest dollar)
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