Question
The manufacturing costs of Erin Industries for three months of the year are provided below. Total Costs Production January $294,840 1,820 units February 458,640 4,420
The manufacturing costs of Erin Industries for three months of the year are provided below.
| Total Costs | Production | |||
| January | $294,840 | 1,820 units | ||
| February | 458,640 | 4,420 | ||
| March | 406,880 | 3,060 | ||
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 Issues And Cases
Authors: Michael Chris Knapp
3rd Edition
0538891173, 9780538891172
