Question
High-Low Method The manufacturing costs of Kellam Industries for the first three months of the year follow: Total Costs Units Produced January $207,900 945 units
High-Low Method
The manufacturing costs of Kellam Industries for the first three months of the year follow:
| Total Costs | Units Produced | |||
| January | $207,900 | 945 | units | |
| February | 281,590 | 1,800 | ||
| March | 323,400 | 3,045 | ||
Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost.
| a. Variable cost per unit | $___________ |
| b. Total fixed cost | $_________ |
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
12th edition
978-1133952428, 1285078578, 1133952429, 978-1285078571
