Question
The manufacturing costs of Mocha Industries for three months of the year are provided below: Total Cost Production April $47,814 1,230 Units May 48,696 1,720
The manufacturing costs of Mocha Industries for three months of the year are provided below:
| Total Cost | Production | |
| April | $47,814 | 1,230 Units |
| May | 48,696 | 1,720 Units |
| June | 50,100 | 2,500 Units |
(a) Using the high-low method, determine the variable cost per unit. Round your answer to nearest cent. $ per unit
(b) Using the high-low method, determine 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
Audit Risk Assessment Made Easy Seeing What Others Miss
Authors: Charles Hall
1st Edition
0578961679, 978-0578961675
