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Havana Hats makes the world's best hats. Information for the last eight months follows: Number of Hats Month January Produced Total Cost 7,800 February
Havana Hats makes the world's best hats. Information for the last eight months follows: Number of Hats Month January Produced Total Cost 7,800 February 7,250 $ 12,325 11,900 March 6,150 11,050 April 5,250 8,200 May 4,500 7,500 June 2,100 5,200 July 2,500 5,400 August 4,550 7,650 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. Answer is complete but not entirely correct. Variable cost per unit $ 1.46 Fixed cost $ 937
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