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The manufacturing costs of Ackerman Industries for the first three months of the year follow:   Total Costs Units Produced January $272,160   1,400 units February 396,450   2,910   March 423,360   4,200   Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit: ______ b. Total fixed cost: ______

The manufacturing costs of Ackerman Industries for the first three months of the year follow:   Total Costs Units Produced January $272,160   1,400 units February 396,450   2,910   March 423,360   4,200   Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit: ______ b. Total fixed cost: ______

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The manufacturing costs of Ackerman Industries for the first three months of the year follow:

  Total Costs Units Produced
January $272,160   1,400 units
February 396,450   2,910  
March 423,360   4,200  

Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar.

a. Variable cost per unit: ______

b. Total fixed cost: ______

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