Answered step by step
Verified Expert Solution
Question
1 Approved Answer
#34 The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $58,396 1,220 Units May 61,728
#34
The manufacturing cost of Mocha Industries for three months of the year are provided below:
Total Cost | Production | |
April | $58,396 | 1,220 Units |
May | 61,728 | 1,710 Units |
June | 66,964 | 2,480 Units |
(a) Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. $ per unit
(b) Using the high-low method, determine total fixed costs. $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started