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Wholesale Meats Pty. Ltd. is trying to determine the cost behaviour of its monthly packaging costs. The following data are available for the past six
Wholesale Meats Pty. Ltd. is trying to determine the cost behaviour of its monthly packaging costs. The following data are available for the past six months: Month Total cost January February March April Total number of packages packed 2,250 2,050 3,050 2,850 2,750 2,680 $690 $620 $910 $910 $860 $800 May June What is the variable packaging cost per package if the high-low method is used to estimate the company's packaging costs? (round to two decimal places) a. $0.26 b.$0.32 Oc$0.29 d. $0.20
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