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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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