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 | T | 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 | T | 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 60P: Scattergraph, High-Low Method, and Predicting Cost for a Different Time Period from the One Used to...

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Question

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
| T
|
July 13,000 $28,800
August 16,000 $30,000
Using high-low method, what is variable cost per unit?

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