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Discuss total fixed costs as a percentage of total net sales

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Reference no: EM131762076

The XYZ Company collected the following annual information on total net sales and total operating costs:

Year

Total Net Sales

Total Operating Costs

2015

$ 21,000,000

$ 16,000,000

2016

$ 22,000,000

$ 16,400,000

IN 2017, total net sales are budgeted to be $ 24,000,000 . Using the high-low method, prepare an estimate of total operating costs for 2017, assuming total fixed costs as a percentage of total net sales are expected to be the same in 2017 as in 2015 and 2016.

Reference no: EM131762076

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