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Silver Products has collected the following cost data for various levels of activity over the past eight months of operations: Month: April May June
Silver Products has collected the following cost data for various levels of activity over the past eight months of operations: Month: April May June Units 8,550 Total Cost $ 28,500 6,950 26,900 4,350 19,400 July 6,150 24,300 August 7,550 27,100 September 8,950 34,120 October 8,350 27,600 November 7,350 26,800 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 5,550 units produced? Note: Do not round intermediate calculations. a. Fixed Cost a. Variable Cost b. Total Costs per month per unit
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