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

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A: Formula: Variable cost per unit = Difference in total cost / Units produced

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.