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High-low method The manufacturing costs of Schroeder Industries for the first three months of the year follow: Line Item Description Total Costs Units Produced January
High-low method
The manufacturing costs of Schroeder Industries for the first three months of the year follow:
Line Item Description | Total Costs | Units Produced |
---|---|---|
January | $196,560 | 2,100 units |
February | 221,020 | 3,700 |
March | 305,760 | 6,300 |
Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. a. Variable cost per unit fill in the blank 1 of 2$ b. Total fixed cost fill in the blank 2 of 2$
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