Question
The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $87,520 1,280 Units May 90,835 1,790
The manufacturing costs of Mocha Industries for three months of the year are as follows:
| Total Cost | Production | ||
| April | $87,520 | 1,280 | Units |
| May | 90,835 | 1,790 | |
| June | 96,100 | 2,600 | |
a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. $ per unit
b. Using the high-low method, determine the total fixed costs.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Operational Auditing Handbook Auditing Business Processes
Authors: Andrew Chambers, Graham Rand
1st Edition
0471970603, 978-0471970606
