Question
The manufacturing costs of Gregory Industries for three months of the year are provided below. Total Costs Production January $339,660 2,590 units February 486,090 4,620
The manufacturing costs of Gregory Industries for three months of the year are provided below.
| Total Costs | Production | |||
| January | $339,660 | 2,590 units | ||
| February | 486,090 | 4,620 | ||
| March | 528,360 | 6,290 | ||
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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Statistical Audit Automation Applying Computer Assisted Audit Techniques
Authors: Edward J. Winslow
1st Edition
1973281015, 978-1973281016
