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Part $1$

XYZ Ltd wants to determine the costvolume relationship between its manufacturing overhead and the number of units produced.

Use the highlow method to determine the variable cost per unit and the total fixed cost.

Month

Units

Manufacturing Overhead $()$

January

$3,040$

$43,650$

February

$2,500$

$45,600$

March

$3,200$

$50,832$

April

$4,200$

$57,720$

May

$6,000$

$70,800$

June

$5,500$

$68,160$