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The following information is available for electricity costs for the first six months of the year: Month Production Volume Electricity Cost January 4,200 $48,000 February
The following information is available for electricity costs for the first six months of the year:
Month | Production Volume | Electricity Cost |
January | 4,200 | $48,000 |
February | 1,500 | 24,000 |
March | 1,100 | 16,000 |
April | 2,900 | 32,000 |
May | 5,100 | 52,000 |
June | 2,200 | 32,000 |
Using the high-low method, an estimate of the variable cost per unit of production would be
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