The manufacturing costs of Mocha Industries for 3 months of the year are as follows: Total Cost Production April $103,180 1,400 units May 107,492 1,960 June 114,268 2,840 Using the high-low method, determine the (a) variable cost per unit and (b) the total fixed costs. Round "Cost per unit" answer to two decimal places. a. Variable cost per unit $fill in the blank 1 per unit b. Total fixed costs $fill in the blank 2
The manufacturing costs of Mocha Industries for 3 months of the year are as follows: Total Cost Production April $103,180 1,400 units May 107,492 1,960 June 114,268 2,840 Using the high-low method, determine the (a) variable cost per unit and (b) the total fixed costs. Round "Cost per unit" answer to two decimal places. a. Variable cost per unit $fill in the blank 1 per unit b. 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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The
| Total Cost | Production | |||
| April | $103,180 | 1,400 | units | |
| May | 107,492 | 1,960 | ||
| June | 114,268 | 2,840 |
Using the high-low method, determine the (a) variable cost per unit and (b) the total fixed costs. Round "Cost per unit" answer to two decimal places.
| a. Variable cost per unit | $fill in the blank 1 | per unit |
| b. Total fixed costs | $fill in the blank 2 |
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