Question
High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $254,070 1,960 units
High-Low Method
The manufacturing costs of Ackerman Industries for the first three months of the year follow:
| Total Costs | Units Produced | |||
| January | $254,070 | 1,960 | units | |
| February | 174,420 | 1,190 | ||
| March | 271,320 | 2,890 | ||
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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Fundamentals Of IT Audit For Operational Auditors
Authors: Timothy McWilliams
1st Edition
1634541332, 978-1634541336
