Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $108,292 2,380 Units May 116,272 3,330
The manufacturing cost of Mocha Industries for three months of the year are provided below:
Total Cost | Production | |
April | $108,292 | 2,380 Units |
May | 116,272 | 3,330 Units |
June | 128,872 | 4,830 Units |
(a) Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. $ per unit
(b) Using the high-low method, determine total fixed costs. $
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