Question
Gregory's Gems accumulated the following production and overhead cost data for the past five months: Production(units) Overhead cost Jan 10,600 40,250 Feb 10,500 40,000 Mar
Gregory's Gems accumulated the following production and overhead cost data for the past five months: Production(units) Overhead cost
Jan 10,600 40,250
Feb 10,500 40,000
Mar 11,500 44,250
Apr 12,500 43,500
May 11,000 43,750
Use the high/low method to calculate the variable cost per unit and fixed costs for Gregory's Gems. Round your answers to the nearest cent, if necessary. Variable Cost ? per unit Fixed Cost ?
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Financial Accounting
Authors: Charles T. Horngren, Jr Harrison, Walter T.
3rd Edition
0137419848, 978-0137419845
