Question
High-Low Method The manufacturing costs of Erin Industries for three months of the year are provided below. Total Costs Production January $309,960 2,460 units February
High-Low Method
The manufacturing costs of Erin Industries for three months of the year are provided below.
| Total Costs | Production | |||
| January | $309,960 | 2,460 | units | |
| February | 411,900 | 3,970 | ||
| March | 482,160 | 6,560 | ||
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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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
