Month Machine Hours OH costs February 1700 P20500 March 2800 22500 April 1000 19950 May 2500 21500 June 3500 23950 July 250 3400 August 1200 19800 Using the High low method and method of least squares, determine the fixed and variable cost per unit. Compute also the variable costs per month using the two methods.
Month Machine Hours OH costs
February 1700 P20500
March 2800 22500
April 1000 19950
May 2500 21500
June 3500 23950
July 250 3400
August 1200 19800
Using the High low method and method of least squares, determine the fixed and variable cost per unit. Compute also the variable costs per month using the two methods.
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