Question
The manufacturing costs of Mocha Industries for three months of the year are provided below: Total Cost Production April $62,346 1,470 Units May 63,408 2,060
The manufacturing costs of Mocha Industries for three months of the year are provided below:
| Total Cost | Production | |
| April | $62,346 | 1,470 Units |
| May | 63,408 | 2,060 Units |
| June | 65,064 | 2,980 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
Auditor Independence Auditing Corporate Governance And Market Confidence
Authors: Ismail Adelopo
1st Edition
1409434702, 978-1409434702
