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The manufacturing costs of Erin Industries for three months of the year are provided below. Total CostsProductionJanuary$208,620855 UnitsFebruary266,5701,620March324,5202,755 Using the high-low method, determine (a) the
The manufacturing costs of Erin Industries for three months of the year are provided below.
Total CostsProductionJanuary$208,620855 UnitsFebruary266,5701,620March324,5202,755Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar.
a. Variable cost per unit$b. Total fixed cost$Step by Step Solution
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