Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per unit   $enter the variable cost per unit in dollars rounded to 2 decimal places  (B) Compute the fixed cost elements using the high-low method.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sunland Corp. has collected the following data concerning its maintenance costs for the past 6 months.

   
Units Produced
 
Total Cost
July     18,060       $33,913  
August     32,096       48,144  
September     36,108       55,165  
October     22,066       38,114  
November     40,120       74,724  
December     38,114       62,186  
 
 
(A) Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.)

Variable cost per unit  
$enter the variable cost per unit in dollars rounded to 2 decimal places 

(B) Compute the fixed cost elements using the high-low method.

Fixed costs  
$enter the fixed costs in dollars 
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