Brief Exercise 5-5 (Part Level Submission)

Sheridan Corp. has collected the following data concerning its maintenance costs for the past 6 months.

		Units Produced				Total Cost
July			19,910				$38,603
August			35,392				53,088
September			39,816				60,830
October			24,332				42,028
November			44,240				82,397
December			42,028				68,572

[y] Your answer is correct. Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per unit Click if you would like to Show Work for this question: Open Show Work 1.80 SHOW SOLUTION SHOW ANSWER LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. (a2) Your answer is incorrect. Try again. Compute the fixed cost elements using the high-low method. Fixed costs 3,978 Click if you would like to Show Work for this question: Open Show Work