Ans plz Apex Industries accumulates the following data concerning a mixed cost, using unitsproduced as the activity level.Units Produced Total CostJanuary 2,000$3,000February 3,5004,900March4,3006,100April5,0006,300May3,0004,200Using the high-low method, the variable cost per unit is:A. $1.65, while total fixed costs are $1,950.B. $0.95, while total fixed costs are $1,100.C. $1.10, while total fixed costs are $800.D. $1.20, while total fixed costs are $600.

Step 1: Definition of High-Low MethodThe high-low method is used to separate mixed costs into their…

Answered: Apex Industries accumulates the…

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 7E: High-low method Ziegler Inc. has decided to use the high-low method to estimate the total cost and...

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Which of the following costs would be classified as variable and which would be classified as fixed, if units produced is the activity base? A. Direct materials costs B. Electricity costs of 0.35 per kilowatt-hour
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