Crane Corp. has collected the following data concerning its maintenance costs for the past 6 months.     Units Produced   Total Maintenance Costs July     19,900       $44,732   August     35,552       53,328   September     39,996       61,105   October     24,442       46,388   November     44,440       82,769   December     42,218       68,882 Compute the unit variable costs using the high-low method for this mixed cost. (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    Compute the fixed costs using the high-low method for this mixed cost. Total fixed costs   $enter the fixed costs in dollars

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

   
Units Produced
 
Total Maintenance Costs
July
    19,900       $44,732  
August
    35,552       53,328  
September
    39,996       61,105  
October
    24,442       46,388  
November
    44,440       82,769  
December
    42,218       68,882
 Compute the unit variable costs using the high-low method for this mixed cost. (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 
 

Compute the fixed costs using the high-low method for this mixed cost.

Total fixed costs  
$enter the fixed costs in dollars 
 
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