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High-Low Method The manufacturing costs of Kellam Industries for the first three months of the year follow: Total Costs Units Produced January $221,760 2,860 units
High-Low Method
The manufacturing costs of Kellam Industries for the first three months of the year follow:
| Total Costs | Units Produced | |||
| January | $221,760 | 2,860 | units | |
| February | 300,360 | 4,450 | ||
| March | 344,960 | 7,260 | ||
Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost.
| a. Variable cost per unit | $fill in the blank 1 |
| b. Total fixed cost | $fill in the blank 2 |
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