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Ivanhoe Company accumulates the following data concerning a mixed cost, using units produced as the activity level. Units Produced Total Cost March 10,150 $18,124 April
Ivanhoe Company accumulates the following data concerning a mixed cost, using units produced as the activity level. Units Produced Total Cost March 10,150 $18,124 April 9,000 16,507 May 10,600 18,762 June 8,790 16,047 July 9,490 16,937 Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per unit $ eTextbook and Media Compute the fixed cost elements using the high-low method. Fixed cost $ Using the information from your answer to above part, write the cost formula. $ produced Total cost eTextbook and Media + $ Estimate the total cost if the company produces 8,100 units. Total cost to produce 8,100 units $ eTextbook and Media per unit
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