(Answered) Question - the tiger company collected the following annual

Accounting

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.

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