Dee's Trinkets collected the following data over six months: Month | Units produced | Total costs March 12,000 | $28,400 April | 15,000 | $29,600 May | 20,000 | $31,500 June | 14,000 | $29,200 July 13,000 $28,800 August | 16,000 | $30,000 Using high-low method, what is variable cost per unit?

Dee's Trinkets collected the following data over six months: Month | Units produced | Total costs March 12,000 | $28,400 April | 15,000 | $29,600 May | 20,000 | $31,500 June | 14,000 | $29,200 July 13,000 $28,800 August | 16,000 | $30,000 Using high-low method, what is variable cost per unit?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 67P: Refer to the information for Farnsworth Company (p. 139) for the first 10 months of data on...

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