Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $94,680 2,160 Units May 101,560 3,020

The manufacturing costs of Mocha Industries for three months of the year are as follows:

Total Cost Production
April $94,680 2,160 Units
May 101,560 3,020
June 112,440 4,380

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions