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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 $173,880 1,155 units February
High-Low Method
The manufacturing costs of Rosenthal Industries for the first three months of the year follow:
| Total Costs | Production | |||
| January | $173,880 | 1,155 | units | |
| February | 186,630 | 2,120 | ||
| March | 270,480 | 3,255 | ||
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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Finance The Basics
Authors: Erik Banks
1st Edition
0415384575, 9780415384575
