Question
Thomas train has collected the following information over the last 6 months. Month Units Produced Total Costs March 10,000 $25,600 April 12,000 $26,200 May 19,600
Thomas train has collected the following information over the last 6 months.
| Month Units Produced Total Costs |
| March 10,000 $25,600 |
| April 12,000 $26,200 |
| May 19,600 $29,200 |
| 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.
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International Financial Management
Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
