Question
(1.)High-Low Method The manufacturing costs of Gregory Industries for three months of the year are provided below. Total Costs Production January $343,640 3,190 units February
(1.)High-Low Method
The manufacturing costs of Gregory Industries for three months of the year are provided below.
| Total Costs | Production | |||
| January | $343,640 | 3,190 units | ||
| February | 373,520 | 4,350 | ||
| March | 240,120 | 1,450 | ||
Using the high-low method, determine (a) the variable cost per unit and (b) the totalfixed cost. Round all answers to the nearest whole dollar.
| a. Variable cost per unit | $____ |
| b. Total fixed cost | $____ |
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Auditing And Assurance Services An Integrated Approach
Authors: Alvin A. Arens . Randal J. Elder . Mark S. Beasley
15th Global Edition
0273790005, 978-0273790006
