Scranton Company Collected The Following Informati

Scranton Company collected the following information on costs related to its fleet of trucks.MonthMilesTotal CostJanuary6,800$11,500February6,00010,200March7,00011,800April7,50012,660Applying the high-low method, what is the estimate of fixed costs per month?Select one:a. $360b. $10,200c. $231d. $2,460Question 9Not yet answeredPoints out of 2.00Flag questionQuestion textWhat is the company’s contribution margin given the following?Sales$600,000 Variable Manufacturing Costs$320,000 Fixed Manufacturing Costs$110,000 Fixed Selling and Administrative Costs$40,000 Variable Selling and Administrative Costs$50,000 Select one:a. $230,000b. $280,000c. $170,000d. $80,000Question 10Not yet answeredPoints out of 2.00Flag questionQuestion textWhich one of the following is not an assumption of CVP analysis?Select one:a. All costs are variable costs.b. All units produced are sold.c. Sales mix remains constant.d. The behavior of costs and revenues are linear within the relevant range.