Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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