Question
The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $79,481 1,210 Units May 82,409 1,690
The manufacturing cost of Mocha Industries for three months of the year are provided below:
| Total Cost | Production | |
| April | $79,481 | 1,210 Units |
| May | 82,409 | 1,690 Units |
| June | 87,106 | 2,460 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
Introduction To Financial Accounting
Authors: CHARLES T. HORNGREN AND ET ALL.
11th Edition
9352862473, 978-9352862474
