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High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $149,040 3,680 units
High-Low Method
The manufacturing costs of Ackerman Industries for the first three months of the year follow:
Total Costs | Units Produced | |||
January | $149,040 | 3,680 units | ||
February | 129,600 | 2,000 | ||
March | 201,600 | 6,000 |
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 | $ |
b. Total fixed cost |
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