The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) April $113,700 281,300 May 80,700 165,900 June 105,000 243,500 Using the high-low method, the variable cost per unit and the total fixed costs are a.$2.90 per unit and $3,212 b.$0.29 per unit and $32,123 c.$0.52 per unit and $16,062 d.$5.22 per unit and $3,212
The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) April $113,700 281,300 May 80,700 165,900 June 105,000 243,500 Using the high-low method, the variable cost per unit and the total fixed costs are a.$2.90 per unit and $3,212 b.$0.29 per unit and $32,123 c.$0.52 per unit and $16,062 d.$5.22 per unit and $3,212
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 manufacturing costs of Calico Industries for three months of the year are provided below:
| Total Cost | Production (units) | |
| April | $113,700 | 281,300 |
| May | 80,700 | 165,900 |
| June | 105,000 | 243,500 |
Using the high-low method, the variable cost per unit and the total fixed costs are
a.$2.90 per unit and $3,212
b.$0.29 per unit and $32,123
c.$0.52 per unit and $16,062
d.$5.22 per unit and $3,212
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