Question
The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $73,367 2,490 Units May 81,667 3,490
The manufacturing cost of Mocha Industries for three months of the year are provided below:
Total Cost Production
April $73,367 2,490 Units
May 81,667 3,490 Units
June 94,615 5,050 Units
(a) Using the high-low method, determine the variable cost per unit. Round your answers to two decimal places.
(b) Using the high-low method, determine total fixed costs.
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Auditing A Practical Approach
Authors: Robyn Moroney
1st Canadian Edition
978-1118472972, 1118472977, 978-1742165943
