Question
The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $124,740 1,815 units February 165,770
The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $124,740 1,815 units February 165,770 3,400 March 194,040 5,115 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 Accounting An Introduction
Authors: Alex Watson, Jacqui Kew
5th Edition
0190425520, 978-0190425524
