High-Low Method

The manufacturing costs of Gregory Industries for three months of the year are provided below.

	Total Costs		Production
January	$152,880		3,045 units
February	120,560		1,840
March	98,280		945

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: $_______