Question
Thomas Train has collected the following information over the last six months. Month Units produced Total costs March 10,000 $25,600 April 12,000 $26,200 May 19,200
Thomas Train has collected the following information over the last six months.
Month Units produced Total costs
March 10,000 $25,600
April 12,000 $26,200
May 19,200 $28,800
June 13,000 $ 26,450
July 12,000 $ 26,000
August 15,000 $ 26,500
Using the high-low method, what is the variable cost per unit?
Round to two decimal places.
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
9th Edition
73530700, 978-0073530703
