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Seved Silver Products has collected the following cost data for various levels of activity over the past eight months of operations: Month April Units
Seved Silver Products has collected the following cost data for various levels of activity over the past eight months of operations: Month April Units 8,050 Total Cost $ 27,500 May June 6,450 25,900 3,850 18,400 July 5,650 23,300 August 7,050 26,100 September 8,450 30,820 October 7,850 26,600 November 6,850 25,800 Required: a. Using the high-low method, calculate the total fixed cost per month and variable cost per unit. Note: Round your variable cost to 2 decimal places. b. What would the total cost be for a month with 5,050 units produced? Note: Do not round intermediate calculations. a. Fixed Cost per month a. Variable Cost per unit b. Total Costs
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