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Handy's Hats makes the world's best hats. Information for the last eight months follows: Number of Hats Total Month January Produced Cost 4,000 $7,000
Handy's Hats makes the world's best hats. Information for the last eight months follows: Number of Hats Total Month January Produced Cost 4,000 $7,000 February 2,250 5,000 March 3,500 6,250 April 4,300 7,750 May 1,875 5,000 June 3,000 6,250 July 1,500 4,250 August 2,500 5,750 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 Cost
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