Question
The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $196,560 1,690 units February 286,320
The manufacturing costs of Ackerman Industries for the first three months of the year follow:
| Total Costs | Units Produced | |||
| January | $196,560 | 1,690 | units | |
| February | 286,320 | 2,690 | ||
| March | 305,760 | 4,290 | ||
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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Accounting And Finance For Non-Specialists
Authors: Eddie McLaney, Peter Atrill
3rd Edition
9780273646327
