Question
High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $195,840 2,040 units
High-Low Method
The manufacturing costs of Ackerman Industries for the first three months of the year follow:
| Total Costs | Units Produced | |||
| January | $195,840 | 2,040 | units | |
| February | 235,230 | 3,960 | ||
| March | 304,640 | 5,440 | ||
Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar.
| a. Variable cost per unit | $fill in the blank 1 |
| b. Total fixed cost | $fill in the blank 2 |
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Hong Kong Auditing Economic Theory And Practice
Authors: Ferdinand A Gul
2nd Edition
9629371413, 978-9629371418
