Question
High-Low Method The manufacturing costs of Gregory Industries for three months of the year are provided below. Total Costs Production January $355,320 4,590 units February
High-Low Method
The manufacturing costs of Gregory Industries for three months of the year are provided below.
| Total Costs | Production | |||
| January | $355,320 | 4,590 units | ||
| February | 228,420 | 1,890 | ||
| March | 309,380 | 3,370 | ||
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 | $ |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
A New Auditors Guide To Planning Performing And Presenting IT Audits
Authors: Nelson Gibb, CIA, CISA, CISSP, Divakar Jain, CA, CPA, Amitesh Joshi, Surekha Muddamsetti, Sarabjot Singh
1st Edition
0894136852, 978-0894136856
