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The manufacturing costs of Kellam Industries for the first three months of the year follow: Total Costs Units Produced January $2,400,000 10,000 units February 2,950,000
The manufacturing costs of Kellam Industries for the first three months of the year follow:
Total Costs | Units Produced | |||
January | $2,400,000 | 10,000 | units | |
February | 2,950,000 | 42,000 | ||
March | 3,200,000 | 50,000 |
Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost.
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