Question
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
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Auditing
Authors: Alan Millichamp, John Taylor
12th Edition
1473778999, 9781473778993
