Question
Havana Hats makes the world's best hats. Information for the last eight months follows: Number of Hats Month January Produced Total Cost 2,700 $
Havana Hats makes the world's best hats. Information for the last eight months follows: Number of Hats Month January Produced Total Cost 2,700 $ 4,500 February 4,550 7,850 March 5,900 8,900 April 3,360 5,750 May 4,350 7,300 June 2,950 5,000 July 6,100 9,110 August 2,400 4,300 Required: Using the high-low method, calculate the variable cost per hat and total fixed cost per month. Note: Round your "Variable cost per unit" answer to 2 decimal places. Variable cost per unit Fixed cost
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