Question
The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $134,640 1,320 units February 151,400
The manufacturing costs of Ackerman Industries for the first three months of the year follow:
| Total Costs | Units Produced | |||
| January | $134,640 | 1,320 | units | |
| February | 151,400 | 2,230 | ||
| March | 209,440 | 3,520 | ||
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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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
12th edition
978-1133952428, 1285078578, 1133952429, 978-1285078571
