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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 18,400
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 | 18,400 | 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?
Round to two decimal places.
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The Complete Guide To Capital Markets For Quantitative Professionals
Authors: Alex Kuznetsov
1st Edition
0071468293, 978-0071468299
