Question
Crane Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 19,960 $46,020 August 35,488
Crane Corp. has collected the following data concerning its maintenance costs for the past 6 months.
Units Produced | Total Cost | |||||||
---|---|---|---|---|---|---|---|---|
July | 19,960 | $46,020 | ||||||
August | 35,488 | 53,232 | ||||||
September | 39,924 | 60,995 | ||||||
October | 24,398 | 48,965 | ||||||
November | 44,360 | 82,620 | ||||||
December | 42,142 | 68,758 |
Part 1
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 | $enter the variable cost per unit in dollars rounded to 2 decimal places |
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Part 2
Compute the fixed cost elements using the high-low method.
Fixed costs | $enter the fixed costs in dollars |
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