Question
High-Low Method The manufacturing costs of Heather Industries for three months of the year are provided below. Total Costs Production January $199,960 4,730 units February
High-Low Method
The manufacturing costs of Heather Industries for three months of the year are provided below.
Total Costs Production January $199,960 4,730 units February 225,400 6,125 March 144,900 2,625
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 Theory
Authors: William R. Scott
3rd Edition
0130655775, 9780130655776
