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The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $421,200 2,160 units February 527,440
The manufacturing costs of Ackerman Industries for the first three months of the year follow:
Total Costs | Units Produced | |||
January | $421,200 | 2,160 units | ||
February | 527,440 | 4,280 | ||
March | 655,200 | 5,760 |
Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar.
a. Variable cost per unit | $ |
b. Total fixed cost | $ |
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