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Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 19,962 $39,924 August 35,488
Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months.
Units Produced | Total Cost | |||||||
---|---|---|---|---|---|---|---|---|
July | 19,962 | $39,924 | ||||||
August | 35,488 | 53,232 | ||||||
September | 39,924 | 60,995 | ||||||
October | 24,398 | 42,142 | ||||||
November | 44,360 | 82,620 | ||||||
December | 42,142 | 68,758 |
Compute the variable cost per unit using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25.)
Variable cost per unit | $enter the variable cost per unit using the high-low method rounded to 2 decimal places |
Compute the fixed cost elements using the high-low method.
Fixed costs | $enter the fixed cost elements using the high-low method |
Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months. Total Cost July August September October November December Units Produced 19,962 35,488 39,924 24,398 44,360 42,142 $39,924 53,232 60,995 42,142 82,620 68,758 Your answer is incorrect. Compute the variable cost per unit using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25.) Variable cost per unit $ Compute the fixed cost elements using the high-low method. Fixed costs $
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