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-- Any help is much appreciated! M5-14 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3] Handy's Hats makes the world's best hats. Information for
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Any help is much appreciated!
M5-14 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3] Handy's Hats makes the world's best hats. Information for the last eight months follows: Month January February March April May June July August Number of Hats Produced 4,550 3,100 2,500 4,700 6,300 7,250 5,500 8,450 Total Cost $5,800 4,750 4,100 6,025 7, 555 8, 475 6,900 9,455 Using the high-low method, calculate the total fixed cost per month and the variable cost per hat. (Round your "Variable Cost per Unit" answer to 3 decimal places.) Variable Cost per Unit Fixed CostStep by Step Solution
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