Question
High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $491,400 2,310 units
High-Low Method
The manufacturing costs of Ackerman Industries for the first three months of the year follow:
| Total Costs | Units Produced | |||
| January | $491,400 | 2,310 | units | |
| February | 565,110 | 4,410 | ||
| March | 764,400 | 6,510 | ||
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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Authors: Nimi Wariboko
1st Edition
1625640129, 9781625640123
