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High-Low Method The manufacturing costs of Rosenthal Industries for the first three months of the year follow: Total Costs Production January $186,120 1,100 units February
High-Low Method
The manufacturing costs of Rosenthal Industries for the first three months of the year follow:
Total Costs | Production | |||
January | $186,120 | 1,100 | units | |
February | 228,310 | 2,240 | units | |
March | 289,520 | 3,300 | units |
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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