Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Silver Products has presented the following information for the past eight months operations: Month Units Total Cost April 8,000 $ 30,400 May 6,400 $ 25,800

Silver Products has presented the following information for the past eight months operations:

Month

Units

Total Cost

April

8,000

$

30,400

May

6,400

$

25,800

June

3,800

$

18,300

July

5,600

$

23,200

August

7,000

$

26,000

September

8,400

$

28,420

October

7,800

$

26,500

November

6,800

$

25,700

4. Using the high-low method, calculate the variable cost per unit.

5. Using the high-low method, calculate the fixed cost per month.

6. What would total costs be for a month with 5,000 units produced?

I can't tell if I use April or Septembers information please help

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray H. Garrison, Alan Webb, Theresa Libby

12th Canadian Edition

1260193276, 978-1260193275

More Books

Students also viewed these Accounting questions