Question
The manufacturing costs of Alex Industries for three months of the year are provided below. Total Costs Production January $372,600 2,250 units February 485,620 4,410
The manufacturing costs of Alex Industries for three months of the year are provided below.
| Total Costs | Production | |||
| January | $372,600 | 2,250 | units | |
| February | 485,620 | 4,410 | ||
| March | 579,600 | 6,750 | ||
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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Contemporary Auditing
Authors: Michael C. Knapp
9th Edition
1133731244, 9781133731245
