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Ivanhoe Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 18,700 $39,712 August 33,344

Ivanhoe Corp. has collected the following data concerning its maintenance costs for the past 6 months.

Units Produced

Total Cost

July 18,700 $39,712
August 33,344 50,016
September 37,512 57,310
October 22,924 40,126
November 41,680 77,629
December 39,596 64,604

Part 1

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

$enter the variable cost per unit in dollars rounded to 2 decimal places

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Part 2

Compute the fixed cost elements using the high-low method.

Fixed costs

$enter the fixed costs in dollars

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