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Prepare an estimate of total operating costs

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Reference no: EM132034771

Question - The Tiger Company collected the following annual information on total net sales and total operating costs:

Year

Total Net Sales

Total Operating Costs

2014

$8,200,000

$4,250,000

2015

$8,700,000

$4,450,000

In 2016, total net sales are budgeted to be $9,400,000. Using the high-low method, prepare an estimate of total operating costs for 2016, assuming total fixed costs and variable costs as a percentage of total net sales are expected to be the same in 2016 as in 2014 and 2015.

Reference no: EM132034771

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