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Assume October is the high-volume month for a toy manufacturer and July is the low-volume...

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Accounting

Assume October is the high-volume month for a toy manufacturer and July is the low-volume month. The following total production costs and volume levels have been recorded:

Total Costs Volume

October $72,000 4,000

July $60,000 1,500

How much are total fixed costs?

a. $12,000

b. $52,800

c. $132,000

d. $60,010

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