The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $106,178 1,820 Units May 111,945 2,550 Units June 120,951 3,690 Units (a) Using the high-low method, determine the variable cost per unit. Round your answers to two decimal places. $fill in the blank 1 per unit (b) Using the high-low method, determine total fixed costs. $fill in the blank 2
The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $106,178 1,820 Units May 111,945 2,550 Units June 120,951 3,690 Units (a) Using the high-low method, determine the variable cost per unit. Round your answers to two decimal places. $fill in the blank 1 per unit (b) Using the high-low method, determine total fixed costs. $fill in the blank 2
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 1BE: High-low method The manufacturing costs of Rosenthal Industries for the first three months of the...
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Total Cost | Production | |
April | $106,178 | 1,820 Units |
May | 111,945 | 2,550 Units |
June | 120,951 | 3,690 Units |
(a) Using the high-low method, determine the variable cost per unit. Round your answers to two decimal places.
$fill in the blank 1 per unit
(b) Using the high-low method, determine total fixed costs.
$fill in the blank 2
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