Global Publishers has collected the following data for recent months: Month March April May June Issues published 20,500 21,800 17,750 21,200 Total cost $20,960 22,464 18,495 21,395 Required: a. Using the high-low method, find variable cost per unit, total fixed costs, and the total cost equation. Round the variable cost to two decimal places.

Global Publishers has collected the following data for recent months: Month March April May June Issues published 20,500 21,800 17,750 21,200 Total cost $20,960 22,464 18,495 21,395 Required: a. Using the high-low method, find variable cost per unit, total fixed costs, and the total cost equation. Round the variable cost to two decimal places.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 3P: Scattergraph method Using the data in P4-2 and a piece of graph paper: 1. Plot the data points on...

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Question

Global Publishers has collected the following data for recent months:
Month
March
April
May
June
Issues published
20,500
21,800
17,750
21,200
Total cost
Variable cost per unit $
Total fixed costs $
Required:
a. Using the high-low method, find variable cost per unit, total fixed costs, and the total cost equation. Round the variable cost to two decimal places.
$20,960
22,464
18,495
21,395
per unit
Total cost = $
x Number of issues published)
b. What is the estimated cost for a month in which 19,000 issues are published?

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