High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow:   Total Costs Units Produced January $103,680   1,680 units February 153,680   3,110   March 161,280   4,080   Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a.  Variable cost per unit $fill in the blank 1 b.  Total fixed cost $fill in the blank

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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High-Low Method

The manufacturing costs of Ackerman Industries for the first three months of the year follow:

  Total Costs Units Produced
January $103,680   1,680 units
February 153,680   3,110  
March 161,280   4,080  

Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar.

a.  Variable cost per unit $fill in the blank 1
b.  Total fixed cost $fill in the blank 2
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