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The manufacturing costs of Erin Industries for three months of the year are provided below. Total Costs Production January $388,080 4,785 units February 280,530 2,820
The manufacturing costs of Erin Industries for three months of the year are provided below.
Total Costs | Production | |||
January | $388,080 | 4,785 units | ||
February | 280,530 | 2,820 | ||
March | 249,480 | 1,485 |
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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