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Name ionAlphabetical Number Problem 1 extbook Reference: P5-1A)- Analyze a mixed cost using high-low me thod and seatter diagram car Right Company has identified certain
Name ionAlphabetical Number Problem 1 extbook Reference: P5-1A)- Analyze a mixed cost using high-low me thod and seatter diagram car Right Company has identified certain variable and fixed costs in its production of hearing aids. Management wants you to divide one of its mixed costs into its fixed and variable portions. Here are the data for this cost: onth Units January Costs 20,800 $$7,600 February20,000 $54,000 22,000 $58,500 25,600 $57,600 28,400 $58,500 0,000 $62,100 32,800 $63,900 35,600 $68,400 September 37,600 $72,000 October 40,000 $77,400 March April May June July Required: a. Using the high-low method, determine the total amount of fixed costs and the amount of variable cost per unit. Variable Cost per Unit: Total Fixed Cost: Total Cost Formula
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