Question
The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $87,432 1,820 Units May 92,980 2,550
The manufacturing cost of Mocha Industries for three months of the year are provided below:
| Total Cost | Production | |
| April | $87,432 | 1,820 Units |
| May | 92,980 | 2,550 Units |
| June | 101,644 | 3,690 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. $
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
