Question
Thomas Train has collected the following information over the last six months. Month Units Produced Total costs March 10,000 25,600 Apr 12,000 26,200 May 18,600
Thomas Train has collected the following information over the last six months.
Month Units Produced Total costs
March 10,000 25,600
Apr 12,000 26,200
May 18,600 27,600
June 13,000 26,450
July 12,000 26,000
Aug 15,000 26,500
Using the high-low method, what is the variable cost per unit?
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Case Studies in Finance Managing for Corporate Value Creation
Authors: Robert F. Bruner, Kenneth Eades, Michael Schill
7th edition
007786171X, 77861711, 978-0077861711
