Kirby Fasteners supplies the electronics industry with accessories for cases, disc enclosures, and so on. Below are the costs and volumes for the past six months at its Plant number 6: Kirby Fasteners Plant Number 6 January to June Results Volume (Units) 11,700 10,640 13,970 14,500 12,500 12,280 Total Cost $ 202,900 193,795 228,400 241,080 220,555 217,212 Required: a. Use the high-low method to estimate the monthly fixed cost of production and the variable cost of production per unit.

Kirby Fasteners supplies the electronics industry with accessories for cases, disc enclosures, and so on. Below are the costs and volumes for the past six months at its Plant number 6: Kirby Fasteners Plant Number 6 January to June Results Volume (Units) 11,700 10,640 13,970 14,500 12,500 12,280 Total Cost $ 202,900 193,795 228,400 241,080 220,555 217,212 Required: a. Use the high-low method to estimate the monthly fixed cost of production and the variable cost of production per unit.

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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Vikram bhai
Subject: Acounting