Question
High-Low Method The manufacturing costs of Heather Industries for three months of the year are provided below. Total Costs Production January $253,480 5,090 units February
High-Low Method
The manufacturing costs of Heather Industries for three months of the year are provided below.
| Total Costs | Production | |||
| January | $253,480 | 5,090 units | ||
| February | 367,360 | 6,765 | ||
| March | 236,160 | 2,665 | ||
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 The Impact On Decision Makers
Authors: Curtis L. Norton, Gary A. Porter
6th Edition
9781439037119, 1439037116
