Question
The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $211,680 1,440 units February 281,300
The manufacturing costs of Ackerman Industries for the first three months of the year follow:
| Total Costs | Units Produced | |||
| January | $211,680 | 1,440 | units | |
| February | 281,300 | 2,480 | ||
| March | 329,280 | 3,840 | ||
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 |
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
Mastering Auditing Essentials A Comprehensive Guide To Learn Auditing Essentials
Authors: Cybellium Ltd, Kris Hermans
1st Edition
B0CHL7H261, 979-8861235617
