Need help with this question solution general accounting 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: Points Using high-low method, the following would be:Highest point = 59,000 units at…

Answered: An olive oil processor incurred the…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8MC: What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials,...

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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