The manufacturing cost of Calico Industries for three months of the year are provided below. Total Cost Production (units) April $116,500 279,700 May 85,700 164,000 June 104,900 241,900 Using the high-low method, the variable cost per unit and the total fixed costs are a. $0.49 per unit and $20,491 b. $4.86 per unit and $4,098 c. $0.27 per unit and $40,981 d. $2.70 per unit and $4,098
The manufacturing cost of Calico Industries for three months of the year are provided below. Total Cost Production (units) April $116,500 279,700 May 85,700 164,000 June 104,900 241,900 Using the high-low method, the variable cost per unit and the total fixed costs are a. $0.49 per unit and $20,491 b. $4.86 per unit and $4,098 c. $0.27 per unit and $40,981 d. $2.70 per unit and $4,098
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 39E: Cost Classification Loring Company incurred the following costs last year: Required: 1. Classify...
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The
Total Cost |
Production (units) |
|
April | $116,500 | 279,700 |
May | 85,700 | 164,000 |
June | 104,900 | 241,900 |
Using the high-low method, the variable cost per unit and the total fixed costs are
a. $0.49 per unit and $20,491
b. $4.86 per unit and $4,098
c. $0.27 per unit and $40,981
d. $2.70 per unit and $4,098
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