Question
High-Low Method The manufacturing costs of Rosenthal Industries for the first three months of the year follow: Total Costs Production January $88,920 1,820 units February
High-Low Method
The manufacturing costs of Rosenthal Industries for the first three months of the year follow:
| Total Costs | Production | |||
| January | $88,920 | 1,820 | units | |
| February | 104,530 | 2,810 | ||
| March | 138,320 | 4,420 | ||
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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Intermediate Accounting Volume 2
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
8th Edition
1260881245, 9781260881240
