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A company has collected the following cost data for various levels of activity over the past eight months of operations: Month April May June
A company has collected the following cost data for various levels of activity over the past eight months of operations: Month April May June Total Cont Units 8,900 $ 29,200 7,300 27,600 4,700 20,100 July 6,500 25,000 August 7,900 27,800 September 9,300 36,430 October 8,700 28,300 November 7,700 27,500 Required: a. Using the high-low method, calculate the total fixed cost per month and variable cost per unit. Note: Round your variable cost to 2 decimal places. b. What would the total cost be for a month with 8,700 units produced? Note: Do not round intermediate calculations. a. Fixed Cost a. Variable Cost b. Total Costs per month per unit
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