Given the following cost and activity observations for Johnson Company's utilities, use the high-low method to calculate Johnson's fixed costs per month. Total Cost Production April $60,551 1,288 May $87,890 1,875 June $105,133 2,367 Using the high-low method, determine the variable cost per unit, and the total fixed costs. Select the correct answer: a. $41.32 per unit and $7, 334 respectively. b. $42.96 per unit and $97, 799 respectively. c. $41.32 per unit and $97, 799 respectively. d. $42.96 per unit and $7, 334 respectively.

Given the following cost and activity observations for Johnson Company's utilities, use the high-low method to calculate Johnson's fixed costs per month. Total Cost Production April $60,551 1,288 May $87,890 1,875 June $105,133 2,367 Using the high-low method, determine the variable cost per unit, and the total fixed costs. Select the correct answer: a. $41.32 per unit and $7, 334 respectively. b. $42.96 per unit and $97, 799 respectively. c. $41.32 per unit and $97, 799 respectively. d. $42.96 per unit and $7, 334 respectively.

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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