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IHOP reported the following information of total operating costs: Month Units Total Cost April 8,250 $ 27,900 May 6,650 $ 26,300 June 4,050 $ 18,800
IHOP reported the following information of total operating costs: Month Units Total Cost April 8,250 $ 27,900 May 6,650 $ 26,300 June 4,050 $ 18,800 July 5,850 $ 23,700 August 7,250 $ 26,500 September 8,650 $ 32,140 October 8,050 $ 27,000 November 7,050 $ 26,200 Two requirements: a. Using the high-low method, calculate the fixed cost per month and variable cost per unit. b. What would total costs be for a month with 5,250 units produced? a. Using the high-low method, calculate the fixed cost per month and variable cost per unit. (Round your variable cost to 2 de places.) Fixed Cost Variable Cost Per Month Per Unit b. What would total costs be for a month with 5.250 units produced? (Do not round intermediate calculations.) Total Costs
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