Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The cost data for TwoCoats paint are as follows: 1 6 points Gallons Month Expenses Produced Jan 110,000 $ 70,700 Feb 68,000 $69,200 Mar
The cost data for TwoCoats paint are as follows: 1 6 points Gallons Month Expenses Produced Jan 110,000 $ 70,700 Feb 68,000 $69,200 Mar 71,000 $67,000 Apr 77,000 $ 68,100 May 95,000 $69,400 Jun 128,000 [0## $72,800 Using the High-Low Method to determine variable and fixed costs, the variable cost per unit is $ type your answer... Using the high-Low Method to determine variable and fixed costs, the total fixed costs are $ type your answer... If 85,000 gallons are produced, the total expenses will be $ type your answer... Do not include any dollar signs in your answers. The per unit answer must be answered with two decimal places. The answers to the second two questions are whole dollars. Do not include any cents in the answer.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started