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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 Units 8,950
Silver Products has collected the following cost data for various levels of activity over the past eight months of operations: Month April Units 8,950 Total Cost $ 29,300 May June 7,350 27,700 4,750 20,200 July 6,550 25,100 August 7,950 27,900 September 9,350 36,760 October 8,750 28,400 November 7,750 27,600 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 5,950 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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