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Production during the current year for California Manufacturing, a producer of high security bank vaults, was at its highest point in the month of June
Production during the current year for California Manufacturing, a producer of high security bank vaults, was at its highest point in the month of June when 32 units were produced at a total cost of $520,000. The lowest point in production was in January when only 7 units were produced at a cost of $333,000. The company is preparing a budget for the current year and needs to project expected fixed cost for the budget year. Using the high-low method, the projected amount of fixed cost per month is:
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