Question
The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $69,432 1,880 Units May 72,357 2,630
The manufacturing costs of Mocha Industries for three months of the year are as follows:
| Total Cost | Production | ||
| April | $69,432 | 1,880 | Units |
| May | 72,357 | 2,630 | |
| June | 76,998 | 3,820 | |
a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. $........... per unit
b. Using the high-low method, determine the total fixed costs. $.................
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Statistical Audit Automation Applying Computer Assisted Audit Techniques
Authors: Edward J. Winslow
1st Edition
1973281015, 978-1973281016
