Question

Mason Company produces short videos used in self-help seminars. Mason Company
charges $400 for each video it produces. The number of videos produced over
the last six months along with the total costs of producing these videos is
given below:

Month           Costs Incurred        Videos Produced
June              $18,680                   70
July               17,230                   61
August             14,100                   45
September          16,120                   55
October            15,000                   50
November           19,800                   75

Mason Company expects to sell 64 videos during December.

Using the high-low method, calculate Mason Company's expected net income
for December.

Answer 1