Question
The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $99,622 1,510 Units May 100,942 2,110
The manufacturing costs of Mocha Industries for three months of the year are as follows:
| Total Cost | Production | ||
| April | $99,622 | 1,510 | Units |
| May | 100,942 | 2,110 | |
| June | 103,054 | 3,070 | |
a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. $fill in the blank 1 per unit
b. Using the high-low method, determine the total fixed costs. $fill in the blank 2
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Development Economics
Authors: Debraj Ray
1st Edition
0691017069, 9780691017068
