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Havana Hats makes the world's best hats. Information for the last eight months follows: table [ [ Mumber of Hats,Total Cost, ] , [
Havana Hats makes the world's best hats. Information for the last eight months follows:
tableMumber of Hats,Total Cost,MonthProduced,Ton,JanuaryFebruaryMarchAprilMayJuneJuly
Required:
Using the highlow method, calculate the variable cost per hat and total fixed cost per month.
Note: Round your "Variable cost per unit" answer to decimal places.
Variable cost per unit
Fixed cost
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