Question
High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total CostsUnits Produced January$1,900,00020,000 unitsFebruary2,250,00027,000March2,400,00030,000 Using the high-low
High-Low Method
The manufacturing costs of Ackerman Industries for the first three months of the year follow:
Total CostsUnits ProducedJanuary$1,900,00020,000 unitsFebruary2,250,00027,000March2,400,00030,000
Using the high-low method, determine (a) thevariable costper unit and (b) the totalfixed cost. Round all answers to the nearest whole dollar.
a.Variable cost per unit$b.Total fixed cost$
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Managerial Accounting
Authors: James Jiambalvo
6th edition
9781119158226, 111915801X, 1119158222, 978-1119158011
