Question
High-Low Method The manufacturing costs of Heather Industries for three months of the year are provided below. Total Costs Production January $189,720 2,015 units February
High-Low Method
The manufacturing costs of Heather Industries for three months of the year are provided below.
| Total Costs | Production | |||
| January | $189,720 | 2,015 units | ||
| February | 266,660 | 3,210 | ||
| March | 295,120 | 5,115 | ||
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 Accounting
Authors: David Spiceland
6th Edition
1265889716, 978-1265889715
