Question
High-Low Method The manufacturing costs of Alex Industries for three months of the year are provided below. Total Costs Production January $181,440 1,260 units February
High-Low Method The manufacturing costs of Alex Industries for three months of the year are provided below. Total Costs Production January $181,440 1,260 units February 259,660 2,260 units March 282,240 3,360 units 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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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
