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Silver Products has presented the following information for the past eight months operations: Month Units Total Cost April 8,500. $28,400 May 6,900 $26,800 June
Silver Products has presented the following information for the past eight months operations: Month Units Total Cost April 8,500. $28,400 May 6,900 $26,800 June 4,300 $19,300 July 6,100 $24,200 August 7,500. $27,000 September October November 8,900 8,300 7,300 $33,790 $27,500 $26,700 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 5,500 units produced? (Do not round intermediate calculations.) Total Costs
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