Marcye Co manufactures office furniture. During the most productive month of the year, 3,500 desks were manufactured at a total cost of $84,400. In its slowest month, the company made 1,100 desks at a cost of $46,000. Using the high-low method of cost estimation, total fixed costs are:
A) $56,000
B) $28,400
C) $17,600
D) cannot be determined from the data given
B
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Indicate whether this statement is true or false.