Do fast answer of this general accounting question An olive oil processor incurred the following plant maintenance costs:59,000 units processed with maintenance costs of $78,000, and 42,000units processed with maintenance costs of $66,000.What is the variable cost per unit processed?a. $1.12b. $1.57c. $1.86d. $1.32e. $0.71

Step 1: Define High-Low MethodThe high-low method is used to segregate the variable and fixed…

Answered: An olive oil processor incurred the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter4: Linear Programming Models

Section4.8: Data Envelopment Analysis (dea)

Problem 42P

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An olive oil processor incurred the following plant maintenance costs: 59,000 units processed with maintenance costs of $78,000, and 42,000 units processed with maintenance costs of $66,000. What is the variable cost per unit processed? a. $1.12 b. $1.57 c. $1.86 d. $1.32 e. $0.71