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Armour Limited has presented the following information for the past eight months operations: Month Units Total Cost April 4,850 $ 18,700 May 4,050 $ 16,600
Armour Limited has presented the following information for the past eight months operations:
Month | Units | Total Cost | |
April | 4,850 | $ | 18,700 |
May | 4,050 | $ | 16,600 |
June | 2,250 | $ | 12,800 |
July | 3,650 | $ | 14,900 |
August | 4,350 | $ | 17,700 |
September | 5,050 | $ | 21,480 |
October | 4,750 | $ | 18,200 |
November | 4,250 | $ | 17,400 |
|
a. Using the high-low method, calculate the fixed cost per month and variable cost per unit. (Round variable cost to 2 decimal places.)
b. What would total costs be for a month with 3,850 units produced?
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