Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question Content Area The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $59,446 1,130 Units
Question Content Area
The manufacturing costs of Mocha Industries for three months of the year are as follows:
Total Cost | Production | ||
April | $59,446 | 1,130 | Units |
May | 61,336 | 1,580 | |
June | 64,318 | 2,290 |
a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. $fill in the blank 1 per unit
b. Using the high-low method, determine the total fixed costs. $fill in the blank 2
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started