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High-Low Method The manufacturing costs of Erin Industries for three months of the year are provided below. Total Costs Production January $437,760 2,090 units February 458,680 3,670 units March 680,960 5,890 units 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 $ b. Total fixed cost A

High-Low Method The manufacturing costs of Erin Industries for three months of the year are provided below. Total Costs Production January $437,760 2,090 units February 458,680 3,670 units March 680,960 5,890 units 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 $ b. Total fixed cost A

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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High-Low Method The manufacturing costs of Erin Industries for three months of the year are provided below. Total Costs Production January $437,760 2,090 units February 458,680 3,670 units March 680,960 5,890 units 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 $ b. Total fixed cost A
Transcribed Image Text:High-Low Method The manufacturing costs of Erin Industries for three months of the year are provided below. Total Costs Production January $437,760 2,090 units February 458,680 3,670 units March 680,960 5,890 units 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 $ b. Total fixed cost A
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