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Silver Products has presented the following information for the past eight months operations: Month Units Total Cost April 8,400 $ 28,200 May 6,800 $ 26,600
Silver Products has presented the following information for the past eight months operations: Month Units Total Cost April 8,400 $ 28,200 May 6,800 $ 26,600 June 4,200 $ 19,100 July 6,000 $ 24,000 August 7,400 $ 26,800 September October November 8,800 $ 33,130 8,200 7,200 $ 27,300 $ 26,500 a. Using the high-low method, calculate the fixed cost per month and variable cost per unit. (Round your variable cost to 2 decimal places.) Fixed Cost Variable Cost Per Month Per Unit b. What would total costs be for a month with 5,400 units produced? (Do not round intermediate calculations.) Total Costs
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