Question
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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Managerial Accounting
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
1st Canadian Edition
978-0132490252, 132490250, 978-0176223311
