Question
High-Low Method The manufacturing costs of Erin Industries for three months of the year are provided below. Total Costs Production January $192,780 1,020 units February
High-Low Method
The manufacturing costs of Erin Industries for three months of the year are provided below.
| Total Costs | Production | |||
| January | $192,780 | 1,020 units | ||
| February | 256,180 | 1,910 | ||
| March | 299,880 | 2,720 | ||
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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Practical Auditing Techniques For ISO/TS 16949
Authors: Raymond Ness
1st Edition
978-0595273126
