High-Low Method The manufacturing costs of Barretto Enterprises for three months of the year follow: Total Costs Units Produced July $495,000 3,100 units August 551,000 6,600 September 535,000 4,800 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. a. Variable cost per unit b. Total fixed cost
High-Low Method The manufacturing costs of Barretto Enterprises for three months of the year follow: Total Costs Units Produced July $495,000 3,100 units August 551,000 6,600 September 535,000 4,800 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. a. Variable cost per unit b. Total fixed cost
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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High-Low Method
The
Total Costs Units Produced
July $495,000 3,100 units
August 551,000 6,600
September 535,000 4,800
Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost.
a. Variable cost per unit
b. Total fixed cost
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